Market Whales and Their Recent Bets on Goldman Sachs Gr Options
Portfolio Pulse from Benzinga Insights
Options trading analysis for Goldman Sachs Group (NYSE:GS) shows a bullish sentiment with 58% of traders leaning bullish and 42% bearish. Unusual trading activity includes 17 trades, with 14 calls valued at $653,273 and 3 puts at $93,235. The focus is on a price range of $300 to $380 over the last three months. The largest options spotted were all calls, with varying sentiments and expiration dates. Goldman Sachs, a global investment banking and asset management firm, saw its stock price increase by 1.04% to $343.79. An analyst from Oppenheimer maintains an Outperform rating with a target price of $468.
November 30, 2023 | 4:31 pm
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POSITIVE IMPACT
Goldman Sachs Group sees bullish options activity with a higher volume of calls than puts, indicating a positive sentiment among traders. The stock price has increased slightly, and an analyst from Oppenheimer has set a high target price of $468.
The bullish options activity, with a higher number of calls, suggests that traders anticipate an increase in GS's stock price. The recent price uptick and the analyst's high target price reinforce this sentiment. However, the RSI indicates potential overbought conditions, which could limit the short-term upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100