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Potential Goldman Sachs (GS) Trade Has 3.77% Downside Protection

Dec 01, 2017 ( via COMTEX) --

After Nov 30, 2017aEUR(TM)s trading in Goldman Sachs (<a href="">GS</a>)'s patented algorithms uncovered a trade that offers a 2.81% return or 20.97% on an annualized basis (for comparison purposes only), while providing 3.77% downside protection. The trade is a Jan 19, 2018 covered call at the $245 level for a net debit of about $238.28. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $125 level. By buying the call for $125.34 instead of paying about $247.63 for the stock, the assigned return rate for this alternate trade is 3.44%, but the stock has to finish above $241 when the sold call expires for this trade to be profitable. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Goldman Sachs. Technical indicators for the stock have been bearish and support and resistance have been in the area of $240.69 and $254.27, respectively.

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