Goldman Sachs (GS) Offering Possible 22.85% Return Over the Next 8 Calendar Days

This article was originally published on this site

Goldman Sachs’s most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $232.50 short put and a strike $227.50 long put offers a potential 22.85% 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 $232.50 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $227.50 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 below 20 which suggests that the stock is in oversold 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

While in Dallas, Goldman Sachs CEO said he’s worried about Trump’s move on Iran deal
Wed, 09 May 2018 00:12:49 +0000
“I do worry about it, but I can’t tell you that it was wrong,” Blankfein said in a meeting with local reporters in the bank’s new Dallas office Tuesday afternoon.

Today In Cryptocurrency: Former Goldman Exec Rips Bitcoin, Fed Report Shows Futures Dented Crypto Valuations
Tue, 08 May 2018 21:32:16 +0000
The cryptocurrency market continued a sluggish start to the week Tuesday, with most major currencies trading down on the day. Here’s a look at some of the headlines that were moving the cryptocurrency …

Trump to Withdraw US From Iran Nuclear Deal
Tue, 08 May 2018 21:13:00 +0000 – U.S. President Donald Trump said on Tuesday the United States would leave the 2015 Iran nuclear agreement, paving the way for new sanctions on Iran’s energy industry.

Rumors on TheStreet: Goldman Sachs CEO Hints at a Sales Breakout
Tue, 08 May 2018 19:18:00 +0000
When long-time, sometimes controversial bank analyst Mike Mayo speaks it’s often wise for investors to listen. “Our meetings with Goldman’s CEO (Lloyd Blankfein), co-head of investment banking (John Waldron), and head of Goldman Sachs Bank (Stephen Scherr) reinforced our view that Goldman should show a break-out in revenues.

3 Reasons You Should Buy Bank of America Corp Stock Right Now!
Tue, 08 May 2018 18:28:20 +0000
Bank of America Corp (NYSE:BAC) and frankly, all of the big banks, have been struggling to push higher. In Bank of America’s case, the company beat on earnings per share and revenue estimates. Because of the recent stock market drama and worries over a potential inflection between short- and long-term bonds, many investors were selling the banks despite strong earnings.

Be Sociable, Share!

Related Posts