Goldman Sachs (GS) Offering Possible 28.21% Return Over the Next 14 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 $237.50 short put and a strike $232.50 long put offers a potential 28.21% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $232.50 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 above 80 which suggests that the stock is in overbought territory.

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

PRESS DIGEST- Financial Times – Oct 5
Thu, 05 Oct 2017 00:09:12 +0000
Prime Minister Theresa May's bid to reassert her dwindling authority was marred on Wednesday by a calamitous keynote speech interrupted by repeated coughing fits, a prankster and even letters of her slogan falling off the stage. DeepMind, Google's London-based artificial intelligence unit, has launched a research department focused on the ethical and social implications of the AI it is creating. Goldman Sachs Group Inc agreed a lease for new office space in a Frankfurt skyscraper that would allow it to add 800 staff in the German financial capital as the Wall Street bank gears up to shift jobs out of the UK ahead of Brexit.

Bitcoin Dips Under $4,200, Bitcoin Cash Sheds 10%
Wed, 04 Oct 2017 21:09:00 +0000
Investing.com – Bitcoin prices fell for the second day in row dipping below $4,200 for the first time in five days while Bitcoin Cash suffered a 10% slump falling to a three-week low.

[$$] Goldman Sachs leases more Frankfurt office space ahead of Brexit
Wed, 04 Oct 2017 20:45:29 +0000
Goldman Sachs has signed a lease on a Frankfurt skyscraper that would allow it to add 800 staff in the German financial capital as it gears up to shift jobs out of the UK ahead of Brexit. The US investment …

Goldman to add office space in Frankfurt with new lease
Wed, 04 Oct 2017 19:14:21 +0000
(Reuters) – Goldman Sachs Group Inc (GS.N) has agreed to lease office space at a new building in Frankfurt as it prepares for Britain's departure from the European Union. Britain is currently home to most …

GOP tax cut: Small biz boon or loophole for rich and Trump?
Wed, 04 Oct 2017 18:16:56 +0000
President Donald Trump and his Republican partners in a nearly $6 trillion tax-cutting plan insist it would benefit middle-class Americans and not the wealthy. But a key provision would slash tax rates …

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