Goldman Sachs (GS) Offering Possible 26.9% Return Over the Next 17 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 26.9% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $170.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 76.71 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Goldman Sachs

[$$] Goldman taps Nasdaq to manage dark pool operations
Tue, 01 Nov 2016 05:41:39 GMT
Financial Times – Goldman Sachs is to outsource the technological operations of its dark pool to Nasdaq in a move that will save the bank money on upkeep over time. Nasdaq will receive an undisclosed fee while Goldman will …

Newest weapon in U.S. hunt for insider traders paying off
Tue, 01 Nov 2016 05:00:01 GMT
Reuters – UK Focus – When plumber Gary Pusey pleaded guilty in May to insider trading, it was a victory not just for New York prosecutors but for a little-known squad inside the U.S. Securities and Exchange Commission that uses data analysis to spot unusual trading patterns. Formed in 2010, the Analysis and Detection Center of the SEC's Market Abuse Unit culls through billions of rows of trading data going back 15 years to identify individuals who have made repeated, well-timed trades ahead of corporate news. The new strategy is starting to show results, enabling the SEC to launch nine insider trading cases, around 7 percent of cases the agency brought since 2014 against people who trade on confidential corporate information.

Goldman Sachs Said Outsourcing Dark Pool Operation to Nasdaq
Mon, 31 Oct 2016 20:02:37 GMT

The Best-Performing Big Bank Stock in October
Mon, 31 Oct 2016 19:48:45 GMT

Positive Earnings Revisions Tied to Rising Shares
Mon, 31 Oct 2016 19:04:00 GMT

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