Goldman Sachs (GS) Offering Possible 31.93% Return Over the Next 8 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 $240.00 short put and a strike $235.00 long put offers a potential 31.93% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $235.00 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 75.57 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 Partnerships: Not Just for Bankers and Traders
Wed, 11 Oct 2017 07:00:28 +0000
Goldman Sachs is hiring two technologists at the elite rank of partner, including a new chief data officer, as Wall Street’s computer nerds continue to expand their power base.

[$$] Goldman Invests in South Korean Bakery Ingredients Maker
Wed, 11 Oct 2017 00:00:04 +0000
Goldman Sach’s private-equity arm in Asia is taking a minority stake in Sun-in Co., a South Korean food company that makes and distributes ingredients to bakeries, cafes and confectioneries across the …

Goldman Becalmed in Asia
Tue, 10 Oct 2017 21:00:12 +0000
Universal banks serving less adventurous corporate clients now rule the roost.

MOVES- Goldman Sachs, BlackRock, KKR, Natixis
Tue, 10 Oct 2017 19:45:45 +0000
The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com. KKR Investment firm KKR named Inaki Bachiller to lead …

3 Reasons to Be Bullish on JD.com Inc (JD) Stock
Tue, 10 Oct 2017 11:22:15 +0000
For much of the summer, JD.com Inc (ADR) (NASDAQ:JD) stock was hitting resistance. The e-commerce market in China is fiercely competitive, and yes, there is always uncertainty regarding governmental policies. For example, the Chinese government recently imposed a clampdown on political speech on digital platforms. According to InvestorPlace.com’s Lawrence Meyers: “China is opaque.

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