Benzinga | Dec 29, 2021 11:52AM EST

Check Out What Whales Are Doing With Goldman Sachs Group

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Group (NYSE:GS).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Goldman Sachs Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $155,182, and 8 are calls, for a total amount of $308,980.

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 $370.0 to $460.0 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 $370.0 to $460.0 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 PUT SWEEP BEARISH 01/21/ $375.00 $54.5K 1.7K 133 22GS CALL TRADE BEARISH 03/18/ $370.00 $53.2K 118 18 22GS CALL TRADE BULLISH 03/18/ $380.00 $47.8K 413 21 22GS CALL TRADE BEARISH 12/31/ $370.00 $47.5K 189 0 21GS PUT SWEEP NEUTRAL 01/21/ $390.00 $45.5K 1.4K 111 22

Where Is Goldman Sachs Group Standing Right Now?

* With a volume of 514,605, the price of GS is down -0.31% at $386.42.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 20 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.