Goldman Sachs (GS) Offering Possible 37.74% 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 $235.00 short put and a strike $230.00 long put offers a potential 37.74% 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 $235.00 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $3.63 would be incurred if the stock dropped below the $230.00 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 74.14 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's Mass on the Future of Private Equity
Fri, 27 Jul 2018 16:18:24 +0000
Jul.27 — Goldman Sachs Global Head of Financial and Strategic Investors Group Alison Mass discusses private equity funding and dealmaking with Bloomberg's Ed Hammond on "Bloomberg Markets."

Goldman's next CEO urges his team to 'be more vulnerable' by sharing their personal lives
Fri, 27 Jul 2018 14:14:00 +0000
The push for openness by Goldman's next CEO embodies a shift that is occurring throughout the Wall Street firm as it plans an aggressive push into new markets.

Yuan Set for Seventh Weekly Drop; Dollar Slips
Fri, 27 Jul 2018 08:02:00 +0000
Investing.com – The yuan weakened on Friday as the Chinese currency looks set to record a seventh weekly drop, its longest slide since 2015. Meanwhile, the U.S. dollar also slipped on Friday.

MOVES-Goldman Sachs hires new chief diversity officer
Thu, 26 Jul 2018 21:56:40 +0000
Goldman Sachs Group Inc has hired Erika Irish Brown to head the Wall Street bank's efforts to recruit, retain and advance diverse professionals, according to an internal memo circulated on Wednesday and …

Pinterest To Launch Its New Cash Cow: A Shopping Section
Thu, 26 Jul 2018 16:02:00 +0000
Reports by CNBC in late July, 2018 suggested that social media website Pinterest could finally be living up to its hype. Founded in 2010, the company has been the recipient of VC funding from firms like Rakuten, Goldman Sachs ( GS) and Andreessen Horowitz. When it was founded, Pinterest seemed to follow the model of social network sites like Facebook ( FB), meaning that it aimed to develop a massive network of users first and then to install means of generating revenue later on.

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