Then analyzing the options chain of GS The Goldman Sachs Group prior to the earnings report this week, I would consider purchasing the 330usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $5.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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GS reached $345.88 after earnings, and the calls went from $5.55 (when I wrote this article) to $15.90 at some point, resulting in a beautiful 2.86X gain! Congrats to those who held the calls!
I got 2 calls $337.5 Exp 7/28 based on this idea. Unrealized profit 334% ( very low premium out of the money based on 2 standard deviations above mean long term anchored VWAP as a target. I am closing one on Friday mid-day ( maybe the high of day) and letting the other run through the weekend. I appreciate the heads up from this idea. I am in JPM as well but not nearly the same returns so far.
as well but not nearly the same returns so far.