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GS Jun 2021 150.000 call

OPR - OPR Delayed price. Currency in USD
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174.280.00 (0.00%)
As of 9:51AM EST. Market open.
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  • Goldman Sachs Could Earn $200 Million From Polar Vortex Energy Trading
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    Goldman Sachs Could Earn $200 Million From Polar Vortex Energy Trading

    During the polar vortex which brought searing cold to much of the U.S. and disastrous conditions to Texas, Goldman Sachs (NYSE: GS) and other big investment banks racked up hundreds of millions of dollars -- on paper -- through energy trading. Goldman is currently sitting on a potential $200 million gold mine thanks to the massive, prolonged intrusion of Arctic air, according to Bloomberg. A Goldman spokesperson, Maeve DuVally, said "as a market-maker and liquidity provider, we were positioned to help our clients manage their risks in that challenging environment," though the assistance also proved very lucrative, at least nominally.