Goldman Sachs (GS) Offering Possible 34.41% Return Over the Next 23 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 $247.50 short put and a strike $242.50 long put offers a potential 34.41% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $247.50 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock dropped below the $242.50 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

Best move: Just buy everything?
Tue, 21 Feb 2017 22:00:00 GMT

Wall Street challenges U.S. regulator over proposed commodities rule
Tue, 21 Feb 2017 18:05:29 GMT

Wall Street challenges U.S. regulator over proposed commodities rule
Tue, 21 Feb 2017 17:49:27 GMT
Reuters – UK Focus – Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector. In a comment letter filed late on Friday and not yet made public, the industry argues the proposed rule would hurt the economy, and that fears about environmental risks from physical commodities activities are overblown. The U.S. Federal Reserve handed down the proposal in September, after a public backlash stemming from the belief that big banks’ involvement in commodities markets hurt consumers by driving up prices.

Wall Street challenges U.S. regulator over proposed commodities rule
Tue, 21 Feb 2017 17:49:27 GMT
Reuters – Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector. In a comment letter filed late on Friday and not yet made public, the industry argues the proposed rule would hurt the economy, and that fears about environmental risks from physical commodities activities are overblown. The U.S. Federal Reserve handed down the proposal in September, after a public backlash stemming from the belief that big banks’ involvement in commodities markets hurt consumers by driving up prices.

Goldman isn't buying into 2017's bull market hype
Tue, 21 Feb 2017 16:27:00 GMT

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