Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Priya Nigam

This Bank Could Make Big Gains After Earnings

Shares of Goldman Sachs Group Inc (NYSE:GS) are down nearly 19% year to date. The bank is scheduled to report its first-quarter earnings on Thursday.

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that Goldman Sachs was the busiest financial stock trading on Monday, in notional terms.

The stock traded 2.3 times its average daily volumes, and calls outpaced puts by more than 2:1, he added.

Check out other financial stocks making big moves in the premarket.

There were buyers of 8,666 of the April 330 calls at an average price of $5.62 per contract, Khouw mentioned. The buyers of these contracts are betting that the stock will rise by at least 4% by Thursday.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.