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Call Spread on GS on 11/28/2016

Bullish Flag on GSThe Goldman Sachs Group, Inc. (GS) operates as an investment banking, securities, and investment management company worldwide.

It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of various securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients.

The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, commodities, and equities; and provides securities services, such as financing, securities lending, and other prime brokerage services, as well as markets in and clears client transactions on primary stock, options, and futures exchanges.

The Investing & Lending segment invests in and originates longer-term loans to provide financing to clients; and makes investments in debt securities and loans, public and private equity securities, and real estate entities.

The Investment Management segment offers investment management products and services; and wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. 

Shares have formed a bullish "flag" following company's latest quarterly report, and expectation that the firm will benefit from the Trump victory.

 

52-Weeks Trading Range: $138.20 - $213.41

Last Trade: $211.00

Trade

  • Buy 1 January $210.00 Call at $7.90
  • Sell 1 January $220.00 Call at $3.50
  • For a net debit of $4.40

Profit/Loss Analysis

  • Breakeven at $214.40
  • Maximum profit is $560.00 at strike of $220.00
  • Maximum loss is ($440.00) at strike of $210.00

Closing Summary

  • Sold 1 January $210.00 Call at $14.00
  • Bought 1 January $220.00 Call at $7.50

Position closed on 11/30/2016 at price of $6.50 with a 47.73% gain in 2 days.

Updates

11/30/2016 10:39:04 AM

We are taking profits on GS Call Spread. 

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