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Goldman Sachs Group Unusual Options Activity For November 01

A whale with a lot of money to spend has taken a noticeably bearish stance on Goldman Sachs Group.

Looking at options history for Goldman Sachs Group GS we detected 39 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 20 are puts, for a total amount of $2,373,360 and 19, calls, for a total amount of $945,912.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $430.0 for Goldman Sachs Group over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Goldman Sachs Group options trades today is 1237.53 with a total volume of 15,181.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Goldman Sachs Group’s big money trades within a strike price range of $300.0 to $430.0 over the last 30 days.

Goldman Sachs Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GS PUT TRADE BEARISH 01/19/24 $320.00 $1.3M 1.7K 956
GS CALL SWEEP NEUTRAL 11/04/22 $320.00 $136.0K 248 60
GS PUT TRADE BULLISH 12/16/22 $350.00 $115.5K 181 120
GS PUT TRADE BEARISH 12/16/22 $355.00 $98.5K 1.1K 500
GS PUT TRADE BEARISH 12/16/22 $355.00 $98.2K 1.1K 450
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GS PUT TRADE BEARISH 01/19/24 $320.00 $1.3M 1.7K 956
GS CALL SWEEP NEUTRAL 11/04/22 $320.00 $136.0K 248 60
GS PUT TRADE BULLISH 12/16/22 $350.00 $115.5K 181 120
GS PUT TRADE BEARISH 12/16/22 $355.00 $98.5K 1.1K 500
GS PUT TRADE BEARISH 12/16/22 $355.00 $98.2K 1.1K 450

Where Is Goldman Sachs Group Standing Right Now?

  • With a volume of 983,984, the price of GS is up 0.84% at $347.4.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 77 days.

What The Experts Say On Goldman Sachs Group:

  • BMO Capital has decided to maintain their Outperform rating on Goldman Sachs Group, which currently sits at a price target of $469.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Goldman Sachs Group, which currently sits at a price target of $341.
  • Atlantic Equities downgraded its action to Underweight with a price target of $290
  • Barclays has decided to maintain their Overweight rating on Goldman Sachs Group, which currently sits at a price target of $410.
  • Oppenheimer has decided to maintain their Outperform rating on Goldman Sachs Group, which currently sits at a price target of $477.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Goldman Sachs Group, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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