Schaeffer's Street Stories: Straddle Strategist Plays It Safe Ahead of Goldman Sachs Group's (GS) Earnings

Goldman Sachs Group, Inc. (NYSE: GS) has one of the most highly anticipated dates in the earnings confessional this week. According to Thomson Reuters, the financial firm is slated to report third-quarter figures before the opening bell on Thursday, Oct. 15. Ahead of the event, option traders are rushing to place their pre-earnings bets, with intraday call volume skyrocketing to nearly three times the norm.

More specifically, so far today, GS has seen roughly 40,000 calls change hands, compared to its average daily volume of fewer than 15,200 contracts. Garnering the most attention is the out-of-the-money October 190 call, which has seen close to 12,800 contracts cross the tape. Meanwhile, the soon-to-expire October 185-, 195- and 200-strike calls have each seen more than 6,100 contracts traded so far.

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SOURCE: Schaeffer's Investment Research

Schaeffer's Investment Research 
Andrea Kramer, 513-589-3800 
akramer@sir-inc.com

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