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GS Jun 2022 270.000 call

OPR - OPR Delayed price. Currency in USD
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76.520.00 (0.00%)
As of 10:39AM EST. Market open.
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Previous close76.52
Expiry date2022-06-17
Day's range75.50 - 76.52
Contract rangeN/A
Open interestN/A
  • Goldman Crypto Chief Flags Institutional Demand Driving Boom

    Goldman Crypto Chief Flags Institutional Demand Driving Boom

    (Bloomberg) -- Goldman Sachs Group Inc. is seeing substantial demand for digital assets from institutions as it works to restart its cryptocurrency trading desk.In a survey of nearly 300 clients by the firm, 40% currently have exposure to crypto, according to Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, speaking on a podcast. The situation is different now compared with the 2017 Bitcoin bubble due to “huge” institutional demand across different industry types and from private banking clients, he said.McDermott confirmed plans reported last week for Goldman to restart its crypto trading desk, which he said will be “quite narrow initially,” with a focus on areas such as CME Group Inc. futures. He said that U.S. banks need to cope with regulations that bar them from trading physical cryptocurrencies.Cryptocurrency enthusiasts argue that digital tokens and the underlying blockchain technology are gaining acceptance among more mainstream institutions and investors. The derivatives market and new investment products have made digital assets more easily accessible. Some strategists posit that the asset class is a potential diversifier for portfolios, while others are more skeptical and blame speculators for inflating a possible bubble in Bitcoin and other cryptos.Bitcoin rose as much as 3.4% on Monday in Asia, while Ether gained as much as 5.3% to the highest since Feb. 23.Read more: Chinese Beauty App Becomes First Major Company to Buy EtherBlockchain technology offers “a real diverse set of opportunities for the financial industry and something that there’s a huge amount of momentum” for in the market, McDermott said. “We know firsthand just given the various different projects we’re working on. And we see this as a hugely exciting time exploring the potential of that technology.”As for prices, 76% of those surveyed see Bitcoin ending 2021 between $40,000 and $100,000, McDermott said. However, 22% expect it to end the year over $100,000.(Adds chart.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Do Institutions Own The Goldman Sachs Group, Inc. (NYSE:GS) Shares?
    Simply Wall St.

    Do Institutions Own The Goldman Sachs Group, Inc. (NYSE:GS) Shares?

    Every investor in The Goldman Sachs Group, Inc. ( NYSE:GS ) should be aware of the most powerful shareholder groups...

  • Goldman Sachs Could Earn $200 Million From Polar Vortex Energy Trading
    Motley Fool

    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.