Goldman Sachs Gr Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Goldman Sachs Gr (NYSE:GS), with 66% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $1,109,787, compared to calls totaling $98,480. Whales have been targeting a price range from $300.0 to $380.0 for Goldman Sachs Gr over the last 3 months. The current price of GS is down -1.57% at $331.42. HSBC, JMP Securities, and Citigroup have given price targets of $403, $450, and $380 respectively.
September 21, 2023 | 5:18 pm
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NEGATIVE IMPACT
Bearish options activity observed for Goldman Sachs Gr. Majority of trades are puts, with whales targeting a price range of $300-$380. Current price is down -1.57% at $331.42.
The bearish options activity, with a majority of trades being puts, indicates a negative sentiment towards Goldman Sachs Gr. This, coupled with the current price decrease, suggests a potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100