Pre-earnings options volume in Goldman Sachs running 2.5X daily average
Pre-earnings options volume in Goldman Sachs running 2.5X daily average. The stock up $5.25 to $208.08 in the wake of encouraging results from JP Morgan (JPM) and expiring Apr 12th 210 calls are most active in the name, with volume approaching 6K contracts. Apr 12th 207.5 calls and 205 calls are also seeing interest and since the contracts come off the board today, the interest is not a play on Monday's profit report. Beyond that, however, Apr 220 calls are active, with 5.7K traded, as are Apr 210 calls, 215 calls, and 195 puts. While 27% of the activity is in the expiring term, 45.5% is in the Apr 18th contract. Total volume lopsided more than 2;1 at 67K calls and 30K puts. GS is one of several banking names to report early next week and shares saw a notable 9.5% rally to $197.08 on 1/16/19 after the last report - up another 5.5% since that time.