Benzinga | Dec 17, 2021 11:24AM EST

What Are Whales Doing With Goldman Sachs Group

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 (NYSE:GS) we detected 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $193,175 and 18, calls, for a total amount of $1,034,980.

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 $160.0 to $450.0 for Goldman Sachs Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Goldman Sachs Group's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Goldman Sachs Group's whale trades within a strike price range from $160.0 to $450.0 in the last 30 days.

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

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestGS CALL TRADE BEARISH 01/20/ $400.00 $190.0K 1.8K 2 23GS CALL SWEEP BULLISH 06/17/ $450.00 $180.0K 890 123 22GS CALL TRADE BULLISH 01/20/ $170.00 $85.4K 31 1 23GS CALL SWEEP BULLISH 03/18/ $380.00 $63.1K 351 50 22GS CALL TRADE BEARISH 12/23/ $385.00 $58.1K 98 212 21

Where Is Goldman Sachs Group Standing Right Now?

* With a volume of 1,987,982.00, the price of GS is down -3.62% at $383.0.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 32 days.

What The Experts Say On Goldman Sachs Group:

* Morgan Stanley upgraded its action to Equal-Weight with a price target of $479

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.