GS to Release Earnings on July 17, MarketChameleon's option strategy analysis shows that selling out-of-the-money calls the day before earnings had 75% winning occurrences.

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GS to Release Earnings on July 17

Goldman Sachs Group Inc. (GS) is scheduled to release earnings on July 17, 2018, before the market opens, and will hold a conference call at 9:30 AM ET on the same day. The stock currently trades at 226.36, which is 10.8% lower than the close following its last reported earnings, trading with a range of 218.89 to 262.25 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 3.3% move for this earnings, and during the previous earnings release, the stock experienced a -1.6% move. Over the last 12 quarters, the absolute average move has been ± 2.1%, with a minimum move of 0.6% and a maximum move of 4.7%. GS has only experienced 3 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
Earnings Day Drift:For 9 of the last 12 quarters (75%), GS stock price has drifted down after the open, on average closing -0.5% lower over that time.
Negative Earnings Trend:For 9 of the last 12 quarters (75%), the stock price has experienced negative earnings effects. Over that time, the average earnings move is -0.9%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling out-of-the-money calls the day before earnings had 75% winning occurrences, for an average gain of +46.0%. Additionally, selling at-the-money straddles resulted in 58% winning occurrences, for an average return of +6.4%.

EPS Estimate

Analysts are currently expecting GS to report an earnings of $4.58 per share, compared to $3.95 for the same quarter last year. Revenue is expected to come in at $8.6 billion versus $7.9 billion for the previous year.





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Note: selling options can result in losses of greater than 100%. Average returns from selling options is calculated based on net change in value against the initial theoretical option value. Prior to buying or selling an option, you should read the Options Clearing Corporation's Characteristics and Risks of Options.

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