Goldman Sachs Options Volume Surges to 71,902 Contracts on August 31st

Goldman Sachs' (GS.US) options trading activity reached a notable level on August 31st ET, with a total of 71,902 contracts traded. Among these transactions, put options accounted for 31.56%, while call options made up the remaining 68.44%. The open interest, indicating active positions that haven't been closed, stood at around 481.69K contracts by the close of the day.

This represents a significant spike compared to the average of the past 30 trading days, with the open interest being 100.93% of the previous month's total. The most actively traded option contract for Goldman Sachs (GS.US) on this day reached a volume of 2,900 and closed at $127.55.

It is essential to note that options trading involves substantial risk and may not be suitable for all investors. As stated in the source, it is crucial to read Characteristics and Risks of Standardized Options before engaging in any options trading strategies.