Goldman Sachs (GS) Offering Possible 31.58% Return Over the Next 10 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 $395.00 short put and a strike $390.00 long put offers a potential 31.58% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $395.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $390.00 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 61.52 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

Fintech Startup Pine Labs To Seek $500 Million in U.S. IPO
Mon, 10 Jan 2022 06:15:30 +0000
(Bloomberg) — Pine Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations for a U.S. listing and seeks to raise about $500 million, according to people familiar with the matter.Most Read from BloombergCypriot Scientist Says Deltacron Covid Variant Isn’t ErrorCyprus Finds Covid-19 Infections That Combine Delta and OmicronWorld’s Biggest Crypto Fortune Began With a Friendly Poker GameAlexandria Ocasio-Cortez Tests Positive for C

TSMC Sales Set Sixth Quarterly Record on Elevated Chip Demand
Mon, 10 Jan 2022 05:47:59 +0000
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported a sixth straight quarter of record sales, buoyed by unrelenting demand by Apple Inc. and other customers for chips produced by the world’s largest foundry. Most Read from BloombergCypriot Scientist Says Deltacron Covid Variant Isn’t ErrorCyprus Finds Covid-19 Infections That Combine Delta and OmicronWorld’s Biggest Crypto Fortune Began With a Friendly Poker GameAlexandria Ocasio-Cortez Tests Positive for Covid-19Omicron Study in Sout

Goldman Sachs Group's (NYSE:GS) three-year earnings growth trails the stellar shareholder returns
Sat, 08 Jan 2022 12:59:17 +0000
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put…

Morgan Stanley, IBD Stock Of The Day, Nears Buy Point Heading Into Earnings
Fri, 07 Jan 2022 21:18:59 +0000
Morgan Stanley is the IBD Stock of the Day. MS stock and several bank rivals are near buy points as earnings loom.

Reddit Taps Morgan Stanley and Goldman Sachs for IPO
Fri, 07 Jan 2022 20:25:07 +0000
(Bloomberg) — Reddit Inc., the social media company that helped fuel 2021’s meme stock frenzy, is working with Morgan Stanley and Goldman Sachs Group Inc. to go public as soon as March, according to people with knowledge of the matter.Most Read from BloombergCypriot Scientist Says Deltacron Variant Isn’t ErrorCyprus Finds Covid-19 Infections That Combine Delta and OmicronOmicron Study in South Africa Points to End of Acute Pandemic PhaseCrypto Diehards Are About to Find Out If It Really Was a B

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