Goldman Sachs (GS) Offering Possible 58.73% Return Over the Next 15 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 $377.50 short put and a strike $372.50 long put offers a potential 58.73% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $377.50 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock dropped below the $372.50 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 at 55.36 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

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Goldman Sachs Just Reported a Monster Quarter — Will the Strong Results Continue?
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For the second consecutive quarter, Goldman Sachs (NYSE: GS) has delivered revenue and earnings that shattered even the most optimistic expectations. In this Fool Live video clip, recorded on July 19, Fool contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss the numbers and what investors should know about them. Jason Moser: In regard to investment banking, investment banking, I think, has really had an interesting period of time here, particularly with all these IPOs, the SPAC movement, there's just been a lot of business to underwrite lately.

Goldman’s China Hedge Fund Clients Had Second-Worst Month Ever
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(Bloomberg) — Goldman Sachs Group Inc.’s hedge fund clients focused on Chinese stocks recorded their second-worst monthly loss ever in July, according to client data compiled by the bank.Fundamental long-short managers targeting the market lost an estimated 5.6% on average during the month, sinking to a 1.1% decline this year, the Wall Street bank said in a note to clients on Monday. The monthly drop was the second only to March 2020, according to Goldman’s records.Hedge funds focused on Chines

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