Watch Goldman Sachs, Looks To Be In Trouble

Quote from Options_Seller:

GS 40 Nov. PUTS have a .60 pre; are they really in that much trouble?
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That premium is pretty high, but the fear and lack of confidence right now is absurd as well. Looking at the open interest, there are far more put contracts being written at strikes below its current trading price (~100) than call contracts. It seems there is a drop off in open interest at the 80 strikes and below for the call contracts. With more put open interest down there than call open interest, I guess we could make a broad assumption that the options writers believe the contracts will not expire below those low prices. At least that's what I see (and I'm new to options trading, so I'm probably wrong and it would be best to fade me haha)
 
Quote from tgtrader:

That premium is pretty high, but the fear and lack of confidence right now is absurd as well. Looking at the open interest, there are far more put contracts being written at strikes below its current trading price (~100) than call contracts. It seems there is a drop off in open interest at the 80 strikes and below for the call contracts. With more put open interest down there than call open interest, I guess we could make a broad assumption that the options writers believe the contracts will not expire below those low prices. At least that's what I see (and I'm new to options trading, so I'm probably wrong and it would be best to fade me haha)
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You don't even get earnings until Decemeber and Big Hank will not leave office before the Nov. expiration.....
 
Quote from Aaron Copland:

The lower the stock goes the harder it gets for them to survive, now @ $84.60
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GS as a company is NOT in trouble, in fact it will emerge as the only investment bank.

What happens is that the market as a whole is taking GS with it.
GS is present in several financial indices and ETFs.
 
09:39 GS Goldman Sachs drops lower intraday as it edges below yesterday's low of 79.41 (78.77 -2.10)

Would note that the Oct intraday/multi-yr momentum low is below at 74.00.
 
Surprised to see the DOW up with GS holding the financials down....


I did hear charlie G. say that GS was cutting upwards of 10-15% of their workforce.
 
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