🛡️ GS $4.5M Put Roll — Goldman Sachs Desk Pushes Downside Protection PAST Earnings!

📅 July 10, 2026 | 🔥 Unusual Activity Detected

✅ UPDATE — July 13, 2026: The next-day OPRA open-interest check is in, and the PUT ROLL read is CONFIRMED on both legs. The August $1,050 put opened (OI 44 → 1,369, essentially exactly the 44 + ≈1,318 we predicted) and the July $1,030 put closed (OI 1,402 → 615, a fall of 787). A desk closed its July protection and opened August protection — up in strike, out in time, past the July 14 Q2 earnings print. The hedge interpretation held in full. Full resolution box below.

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🎯 The Quick Take

Someone just rolled Goldman Sachs downside protection up in strike and out in time for a net ≈$4.5M debit at 10:06:49 — buying 1,318 August $1,050 puts while selling 1,026 July $1,030 puts, both in the same multi-leg print. This isn't a fresh bearish swing — it's a hedge getting resized to blanket Q2 earnings on Tuesday, July 14 instead of expiring right into it. Translation: a desk with downside exposure just paid up to keep the umbrella open a few extra weeks. 👀 ✅ Next-day open interest has since confirmed both legs — the August put opened (44 → 1,369) and the July put closed (1,402 → 615). It was a roll, exactly as read.

See the full flow breakdown on Goldman Sachs' options flow page.

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📊 Company Overview

Goldman Sachs (GS) is one of the world's premier investment banks and global markets franchises:

• Market Cap: ≈$330 Billion
• Industry: Investment Banking & Brokerage / Financial Services
• Current Price: ≈$1,054.78 (a few percent below its June 22, 2026 all-time closing high of $1,106.37)
• Primary Business: Global Banking & Markets (advisory, underwriting, FICC/equities trading), Asset & Wealth Management, and Platform Solutions

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💰 The Option Flow Breakdown

The Tape (July 10, 2026 @ 10:06:49 — one print, two legs, printed as a facilitated multi-leg auction):

🏷️ Flow tag: Multi-leg auction (a facilitated, worked complex order — not a lit sweep, not a negotiated block cross). Net debit ≈ $4.5M ($6.1M paid for the August puts minus $1.6M collected for the July puts).

✅ RESOLVED — Next-Day Open-Interest Check Is In (July 13, 2026)

The OPRA open-interest snapshot for the session of July 10 has published. Both legs are resolved, and the roll read is confirmed.

Leg	Baseline OI (EOD Jul 9)	Resolving OI (EOD Jul 10)	Δ	Trade size	Verdict
Aug-21 $1,050 PUT (BUY)	44	1,369	+1,325	1,318	✅ OPEN CONFIRMED (BTO)
Jul-17 $1,030 PUT (SELL)	1,402	615	−787	1,026	✅ CLOSE CONFIRMED (STC)

Leg A — the August $1,050 put opened, exactly as predicted. We wrote on July 10 that next-morning OI should land at "roughly 44 + ≈1,318 ≈ 1,360+". It printed at 1,369. The prediction was essentially exact: 1,325 brand-new contracts were created. This is a genuine, fresh long-put position (BTO) — new downside protection, put on the board.

Leg B — the July $1,030 put closed. We wrote: "if OI on the July $1,030 put falls by roughly 1,026, that confirms a close (supporting the 'roll' read); if OI holds flat or rises, it's more likely a fresh short leg." It fell — 1,402 → 615. The seller was closing an existing long put (STC), not opening a fresh short. Note the honest nuance: the −787 drop is smaller than the 1,026 contracts sold, meaning other participants opened some offsetting contracts in that same strike on the same day. So the leg is close-dominant rather than one-for-one. But the direction of the OI move is unambiguous, and only closing can make open interest fall — the "fresh short put" alternative is ruled out.

✅ NET VERDICT — the PUT ROLL is CONFIRMED. A desk closed its July $1,030 protection and opened August $1,050 protection: up in strike, out in time, and past the July 14 Q2 earnings print. That is exactly the hedge/roll interpretation this article laid out on July 10, and open interest has now proven it on both legs. This was never a fresh outright bearish bet — it was insurance being extended before a binary event.

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🤓 What This Actually Means — Plain English

This is a two-leg options combo that prices as one trade, and reading it leg-by-leg would give you the wrong story. Here's the decode:

• 🔄 It is a protective put roll — and open interest has now confirmed it. Someone closed the near-dated July $1,030 put (OI fell 1,402 → 615) and opened the longer-dated, higher-strike August $1,050 put (OI rose 44 → 1,369) — moving downside insurance up in strike and out in time. In plain English: the old umbrella (July, lower strike) was swapped for a bigger, longer-lasting umbrella (August, higher strike) that stays open past a key event. On July 10 this was the structural inference; as of the next-day OI print it is a proven fact on both legs.
• 💸 They paid net $4.5M to make this switch — that's real money spent to extend and improve the coverage, which tells you the position is being actively managed, not just left to expire.
• 🚫 Per-leg buy/sell tags are unreliable here. Because this printed as a worked, facilitated auction (not a lit sweep taking the order book), the exchange's own trade-condition data can't tell us which side was the true "aggressor" on either leg individually — that's normal for multi-leg options combos and doesn't mean anything is hidden or shady, it just means we lean on structure (strikes, expirations, size vs. OI) instead of tick-by-tick aggression.
• 📅 The calendar lines up too well to ignore: Goldman reports Q2 2026 earnings before the open on Tuesday, July 14 — just 3 trading days after this print. The July $1,030 put expires July 17, just 3 days after earnings (it would have captured the earnings-week move but expired right into the aftermath). The August $1,050 put carries protection roughly five weeks past the report — through the entire post-earnings drift AND the July 28–29 FOMC decision.
• 🛡️ Bottom line interpretation: this reads as a hedge/roll, not a fresh directional bearish swing. Whoever holds this position (likely a fund or institution with a large long GS stock or options book) doesn't want their downside protection to lapse right as the most important catalyst of the quarter hits — so they paid up to keep it running longer, at a strike a bit closer to the money ($1,050 vs. $1,030, only ≈0.5% apart, but ≈2.4% below current spot).

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📈 Technical Setup / Chart Check-Up

YTD Performance Chart

Goldman Sachs has had a monster year — trading near ≈$1,054.78, just off its June 22, 2026 all-time closing high of $1,106.37. The stock has been a steady grinder-higher name in 2026, riding record investment-banking and trading revenue, but it's also shown it can sell off even on record earnings prints (more on that below).

Key observations:

• 🚀 Near all-time highs: Currently trading a few percent below the June ATH — a stretched tape heading into a binary catalyst
• 📊 Consensus is "Hold": The Street's average price target (≈$1,020) sits BELOW the current spot price — unusual for a stock still grinding higher
• 💰 Fresh dividend hike: 11% bump to $5.00/quarter effective July 1, supporting the bull case
• ⚠️ History of selling the news: GS fell on its record Q1 2026 print despite beating estimates — exactly the kind of setup where a hedge into earnings makes sense

Gamma-Based Support & Resistance Analysis

Current Price: ≈$1,058.40

The gamma exposure map shows where dealer hedging flows are concentrated:

🟠 Resistance Levels (Call Gamma Above Price):

• $1,060 — Immediate moderate resistance (≈$4.86B total gamma), essentially right at spot
• $1,100 — Secondary moderate resistance (≈$3.13B total gamma), just below the June ATH

🔵 Below Spot — Thin Put Gamma Cushion:

• $1,050 — Sits almost exactly at the newly-bought put strike, but net gamma here is only modestly negative — not a strong dealer-buying floor
• $1,030 — The largest nearby put-gamma pocket, sitting right at the sold July put's strike, but still relatively thin next to the mega-cap gamma walls seen in names like AMD or NVDA

What this means for traders: GS's gamma profile is comparatively light below spot heading into earnings — there isn't a massive dealer-hedging "floor" the way some heavily-optioned mega-caps have. That means if GS gaps down post-earnings, the move could travel further/faster before dealer buying kicks in to slow it down. It's not a coincidence that both put strikes in this roll ($1,030 and $1,050) sit right in that thinner gamma zone just below spot — that's exactly where a hedge needs coverage if the stock is going to move.

Net GEX Bias: Modest net-positive gamma just above spot (call gamma dominates at $1,060/$1,100), meaning dealers are more likely to dampen upside than provide a strong floor on the downside.

Implied Move Analysis

Options market pricing for upcoming expirations:

• 📅 Weekly / Earnings Window (Jul 17 — 7 days, THE SOLD LEG'S EXPIRY): ±$65.02 (±6.14%) → Range: $993.31 – $1,123.35
• 📅 Next Weekly (Jul 24 — 14 days): ±$80.70 (±7.63%) → Range: $977.63 – $1,139.03
• 📅 Quarterly Triple Witch (Sep 18 — 70 days): ±$159.06 (±15.0%) → Range: $899.27 – $1,217.39
• 📅 LEAPS (Jan 2028 — 560 days): ±$464.98 (±43.9%) → Range: $593.35 – $1,523.31

Translation for regular folks: The options market is pricing in a ≈6.1% swing by this Friday's July 17 expiration — that window includes Tuesday's earnings report. A ≈6% move on a ≈$1,055 stock is roughly $65, which would put GS anywhere from ≈$993 to ≈$1,123. Notice that the sold July $1,030 put sits comfortably INSIDE that implied-move band (below spot, above the low end), while the bought August $1,050 put also sits just inside the band but rolls the coverage out to capture the wider ≈15% quarterly range ($899–$1,217) that includes the July 28–29 FOMC decision too. This is textbook "size the hedge to the event, then extend it past the event" positioning.

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🎪 Catalysts

🔥 Immediate Catalysts (Next 7 Days)

Q2 2026 Earnings — Tuesday, July 14, 2026, Before the Open 📊

This is THE catalyst behind the roll. Goldman reports Q2 2026 results before market open — confirmed by TipRanks and MarketBeat:

• 💰 Revenue estimate: ≈$16.1–16.3B, up ≈11% YoY — but sequentially below Q1's record $17.2B
• 📈 EPS estimate: ≈$13.95–14.20, up sharply from $10.91 a year ago
• ✅ Beat streak: GS has beaten EPS in 12 of the last 15 quarters — a high bar that's already priced in
• 🏦 Watch Global Banking & Markets (was a record $12.7B in Q1), advisory/M&A momentum, and FICC/equities trading; Q2 IB stayed hot partly on GS acting as lead underwriter on the SpaceX IPO (≈$100M in fees)

The tell that matters most: GS fell on its record Q1 2026 print — $17.23B in net revenue (second-highest ever) and $17.55 EPS, both beats, but the stock still dropped on the results. That's a real "sell the news" precedent just one quarter old — exactly the kind of setup that makes a desk want protection to survive PAST the print, not expire right into it.

📅 Recent Catalysts (Last ≈3 Months)

Fed Stress Test + Dividend Hike — June 24, 2026 🏦

Goldman passed the 2026 Fed stress test and raised its quarterly dividend 11% to $5.00 (from $4.50), effective July 1 — a 25% increase versus a year ago. CEO David Solomon called it a reflection of "the strength of our franchise, our earnings power, and our confidence." Notably, GS did not headline a new buyback authorization the way JPMorgan did with its $50B program — a relative capital-return nuance.

All-Time High — June 22, 2026 🚀

GS printed an all-time closing high of $1,106.37 with a trailing total return ≈78%. At ≈$1,054.78 today, the stock sits only a few percent off that peak — an extended tape heading into a binary event.

Analyst Actions — June–July 2026 📊

• Wells Fargo's Mike Mayo raised his target to $1,195 (Street high) on June 24, staying Overweight
• Morgan Stanley's Betsy Graseck raised her target to $1,099 on June 29, staying Equal-Weight
• As of July 9, 2026, consensus is "Hold" with an average target of ≈$1,019.86 — below today's ≈$1,054.78 spot, meaning the average analyst thinks the stock has already run ahead of fair value

🚀 Upcoming Catalysts (Next ≈6 Months)

• July 14 — Q2 2026 earnings (BMO) — the dominant catalyst, detailed above
• July 28–29 — FOMC decision: Markets price >85% probability of a hold at 3.50%–3.75%, with roughly a 76% chance of zero cuts across all of 2026. A hawkish surprise here is a market-wide risk-off catalyst that would pressure a stretched financial like GS — and it falls squarely inside the life of the newly-bought August $1,050 put
• M&A/IPO pipeline: Global M&A hit ≈$2.8T in 1H 2026 (≈$1.2T in Q2), a bull-case swing factor that could offset earnings-day nerves
• ≈Mid-October 2026 — Q3 2026 earnings, the next scheduled print beyond the August put's expiry

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🎲 Price Targets & Probabilities

Using gamma levels, the implied-move data, and the July 14 earnings catalyst, here are scenarios through the August 21 expiration of the newly-bought put:

📈 Bull Case (30% probability)

Target: $1,100–$1,150+

How we get there:

• 🏦 Q2 earnings beat on both revenue and EPS, with Global Banking & Markets staying at record pace and IB/advisory momentum (+48%/+89% YoY in Q1) continuing
• 💼 SpaceX IPO fees and a strong M&A pipeline (≈$1.2T in Q2 alone) validate the advisory growth story
• 🎯 Stock breaks back above the $1,060 gamma resistance and grinds toward the $1,100 level and the Street-high $1,195 Wells Fargo target
• 💰 Both put legs expire worthless — the roll simply cost $4.5M in "insurance premium" that wasn't needed

Probability assessment: 30% because IB/advisory momentum and the dividend hike are genuinely strong, but the Street's Hold/≈$1,020 average target caps enthusiasm.

🎯 Base Case (45% probability)

Target: $1,000–$1,080 (choppy digestion of earnings)

Most likely scenario:

• ✅ Q2 results land roughly in-line (revenue ≈$16.1–16.3B, EPS ≈$14) — a "good but not great" quarter given the tough Q1 comp
• 📉 Stock reacts similarly to Q1 — a modest sell-the-news dip even on a clean beat, given the stretched valuation vs. the ≈$1,020 average target
• 🔄 GS oscillates between the $1,030–$1,050 put-strike zone and the $1,060–$1,100 resistance band as the market digests the report and looks ahead to FOMC
• 💵 The rolled put position partially pays off or breaks even, doing its job as portfolio insurance rather than a directional score

Why 45% probability: This is the highest-probability outcome for a mega-cap financial with a strong-but-priced-in earnings setup and no single dominant catalyst forcing a huge move.

📉 Bear Case (25% probability)

Target: $950–$1,000 (tests the roll's protection)

What could go wrong:

• 😰 Q2 revenue disappoints relative to Q1's record $17.2B, reinforcing the sequential-slowdown narrative
• 📊 Trading/FICC revenue softens, or guidance commentary on capital markets activity into 2H disappoints
• 🏛️ A hawkish July 28–29 FOMC surprise (any hint of a later, more hawkish path) pressures financials broadly
• 🔨 A break below the thin $1,030–$1,050 gamma zone accelerates the move lower given the light dealer-hedging cushion noted above
• 📉 GS repeats its Q1 pattern — sells off even on decent results simply because expectations were too high

Critical levels:

• 🛡️ $1,030: Where the sold July put sat — a soft gamma pocket, not a strong floor
• 🛡️ $1,050: The new August put's strike — the level this roll is specifically designed to protect
• 🛡️ $1,020 and below: The Street's average target zone; a break here would validate the "priced for perfection" thesis

Probability assessment: 25% — a real possibility given the sell-the-news precedent and stretched valuation, which is exactly why the roll exists, but not the base case given still-strong fundamentals.

Put P&L in Bear Case (August $1,050 put):

• GS at $1,000 on Aug 21: put worth ≈$50.00, gain ≈$3.92/share × 1,318 = ≈$517K on that leg alone (before netting the collected July premium)
• GS at $950 on Aug 21: put worth ≈$100.00, gain ≈$53.92/share × 1,318 = ≈$7.1M on that leg
• GS at $1,050+ on Aug 21: put worth $0, loss on that leg = the full $46.08/share premium paid

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💵 Trading Ideas for the 4 Types of Readers

🎲 YOLO Trader

The play: Buy weekly GS Jul 17 $1,010 puts or Jul 17 $1,020 puts directly into earnings, betting on a repeat of the Q1 "sell the record print" reaction.

Why it's tempting: GS has already shown once this year it can fall even on a beat. The implied move (±6.1%, $993–$1,123) may be underpricing a second sell-the-news event given a Hold consensus and a below-spot average target.

Why it's dangerous: This is a binary, high-IV bet 3 trading days before an event — theta and IV crush work against you hard, and if GS beats AND rallies (like the bull case), you lose the full premium fast. Skill level: Advanced only. Size this at 1-3% of portfolio max, and only if you can watch it Tuesday morning and cut losses fast.

📈 Swing Trader

The play: Mirror the smart-money structure at retail scale — a put diagonal buying an August $1,050-area put and selling a July $1,030-area put, sized way down (1 contract per leg instead of 1,000+).

Why it works: You're copying an institutional hedge that's specifically calendared to survive the July 14 earnings AND the July 28–29 FOMC, financed partly by the shorter-dated leg. Give it 5-6 weeks to play out rather than betting everything on the earnings gap itself.

Position sizing: Risk only what you'd pay in net debit (roughly $30/share = $3,000 per 1-lot diagonal) — treat it as defined-risk portfolio insurance, not a lottery ticket.

💵 Premium Collector

The play: Sell cash-secured or spread puts well below the gamma cushion, e.g., a $980/$950 put credit spread expiring at the September 18 triple witch, collecting premium on the assumption GS holds inside its ≈15% quarterly implied-move range ($899–$1,217).

Why it works: You're getting paid for taking the OTHER side of exactly the kind of tail risk this institutional roll is hedging against — collect premium now while IV is elevated into earnings, with strikes well outside the $1,030–$1,050 zone this trade is actively protecting.

Risk: If GS has a genuinely bad quarter or the Fed surprises hawkish, a sharp move through $980 is possible given the thinner gamma cushion below spot noted in the chart section — keep size modest and use a defined-risk spread, not a naked short put.

🌱 Beginner

The play: Don't trade options on this one at all — just watch and learn. If you already own GS stock, this is a great real-world lesson in what "hedging" looks like: paying a little now (≈$4.5M here, but the same math works at any size) to protect gains before a big, uncertain event.

Why this matters: GS is up huge off its 2026 lows and sitting a few percent under an all-time high — exactly the situation where professionals reduce risk rather than get greedy. If you're long the stock, consider whether you'd sleep better holding through earnings unhedged or trimming a small amount ahead of July 14.

Skill level: Zero options knowledge required — this is a "watch and learn" week, not a "trade" week.

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⚠️ Risk Factors

Don't get caught by these potential landmines:

• 🚫 This could just as easily be a hedge on a long book, not a bearish bet. The tape cannot see whether the person behind this roll owns GS stock, GS calls, or nothing at all. A protective put roll on a large long position looks IDENTICAL on the options tape to a fresh outright bearish bet — we genuinely cannot tell which one this is from the print alone.

• ✅ The July $1,030 leg is now PROVEN a close. Size (1,026) was below prior open interest (1,402), so it could not be resolved from the July 10 tape alone. The next-day OI print settled it: 1,402 → 615, a fall of 787. Open interest can only fall on closing activity, so that leg closed an existing long put (STC) — the "fresh short" alternative is ruled out, and the "roll" framing is confirmed. The one honest caveat: the −787 net drop is smaller than the 1,026 sold, so other participants opened some offsetting contracts in the same strike that day. The leg is close-dominant, not one-for-one — but the direction of the move is unambiguous.

• 🎭 Multi-leg auction means no true aggressor read. Because this printed as a facilitated, worked combo order rather than a lit sweep, we cannot say with certainty which side "wanted" the trade more. We're reading direction from structure (strikes, expirations, roll geometry) — a reasonable and standard method, but it is an inference, not a certainty.

• 📊 Binary earnings risk in 3 trading days. Q2 results land before the open Tuesday, July 14. GS has already shown in Q1 2026 that even a record beat doesn't guarantee a stock rally — a repeat pattern would validate this roll's thesis, but a genuine beat-and-raise could also mean the position simply expires worthless as insurance that wasn't needed.

• 🏛️ FOMC overhang (July 28–29) adds a second binary inside the life of the August put — a hawkish surprise on rate path could pressure financials broadly, independent of GS-specific results.

• 💰 Valuation is stretched relative to consensus — spot (≈$1,054.78) sits above the Street's average target (≈$1,020) with a Hold rating, meaning the "average" analyst view is already cautious. That's a real headwind but not a crash signal by itself.

• 🕳️ Thinner gamma cushion below spot than mega-cap tech names — if GS does gap down, there may be less mechanical dealer buying to slow the fall between $1,030 and $1,050.

• 🤷 What the tape absolutely cannot tell us: who placed this trade (broker/MMID, customer identity, order ID), whether it hedges an existing long-stock or long-call position, or whether there's an invisible stock/futures hedge attached to it elsewhere. Treat every directional read here as an informed inference, not proof.

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🎯 The Bottom Line

Real talk: Someone just paid ≈$4.5M net to roll Goldman Sachs downside protection up in strike and out in time, timed almost perfectly to blanket the July 14 Q2 earnings report and carry through the July 28–29 FOMC decision. Given GS already sold off on a RECORD Q1 print, and the Street's own average target sits below today's spot, this reads like sophisticated risk management — not panic, not a fresh bearish conviction call, just a hedge getting resized before an important week.

What this trade tells us:

• 🛡️ A position holder wanted downside coverage that survives PAST earnings, not one that expires right into it
• 💰 They were willing to spend ≈$4.5M to upgrade from a $1,030/July umbrella to a $1,050/August umbrella
• ✅ The next-day OI print confirmed both legs: the August $1,050 put opened (44 → 1,369) and the July $1,030 put closed (1,402 → 615). It was a genuine roll — old protection retired, new protection put on. No fresh short, no fresh bearish bet.
• 📊 The strikes ($1,030 and $1,050) sit right in a comparatively thin gamma zone below spot — worth watching if GS starts to slide

This is NOT a "GS is crashing" signal — it's a "someone is managing risk into a known catalyst" signal.

If you own GS stock:

• ✅ Consider whether your own position needs similar protection through July 14 — even a small, cheap put position mirrors what institutions are doing at scale
• 📊 Watch the $1,030–$1,050 zone; that's exactly where this roll's protection is concentrated
• ⏰ Don't panic-sell ahead of earnings — the fundamentals (record IB, dividend hike, Fed stress-test pass) remain genuinely strong

If you're watching from the sidelines:

• ⏰ Tuesday, July 14 before the open is the moment of truth — don't chase pre-earnings IV
• 🎯 A post-earnings dip toward $1,000–$1,020 (the Street's own average target zone) would be a reasonable place to start looking at entries
• ✅ The next-day OI update on the July $1,030 put has landed and it was a close (1,402 → 615) — this was truly a roll, not something else

If you're bearish:

• 📉 The setup (stretched valuation, sell-the-news precedent, Hold consensus below spot) gives a real case, but earnings are genuinely two-sided — GS's IB/advisory momentum has been outstanding
• 🛡️ A defined-risk put spread mirroring this roll's strikes (long ≈$1,050, short ≈$1,030 or lower) is a more responsible way to express the same view than an outright short

Mark your calendar — Key dates:

• ✅ July 13 pre-market — DONE. Next-day OPRA OI resolved both legs: August $1,050 put opened (44 → 1,369), July $1,030 put closed (1,402 → 615). Roll confirmed.
• 📅 July 14 (Tuesday), before the open — Q2 2026 earnings, the pivotal catalyst
• 📅 July 17 (Friday) — expiration of the sold $1,030 put leg (3 days post-earnings)
• 📅 July 28–29 — FOMC decision, high odds of a hawkish hold
• 📅 August 21 — expiration of the bought $1,050 put (this trade's new protection horizon)
• 📅 September 18 — quarterly triple witch, ±15% implied move window

Final verdict: Goldman's fundamentals — record IB/advisory growth, a fresh dividend hike, a passed stress test, and a Street-high $1,195 target from Wells Fargo — remain compelling. But a stock trading above its average analyst target with a recent history of selling off on record beats is exactly the environment where smart money buys insurance instead of getting greedy. This ≈$4.5M roll was exactly that, and open interest has now proven it on both legs: protection getting extended, not a fresh bet against the bank.

Disclaimer: Options trading involves substantial risk of loss and is not suitable for all investors. This analysis is for educational purposes only and not financial advice. Past performance doesn't guarantee future results. The mechanism here (a multi-leg auction) means we cannot prove aggressor side on either leg from the print itself. The open-vs-close status of both legs has since been resolved against next-day OPRA open interest: the August $1,050 put opened (OI 44 → 1,369) and the July $1,030 put closed (OI 1,402 → 615), confirming a protective put roll. Even with that confirmed, the tape still cannot show whether the desk behind it holds an offsetting long GS position — this could be portfolio hedging on an existing long book rather than a directional bearish view. Always do your own research and consider consulting a licensed financial advisor before trading, especially around binary earnings events.

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About Goldman Sachs: The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm operating through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments, with a market cap of ≈$330 billion in the Investment Banking & Brokerage industry.

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Last updated: July 13, 2026 — next-day OPRA open-interest resolution applied (verdict: ROLL confirmed — Aug-21 $1,050 put OPEN confirmed, OI 44 → 1,369; Jul-17 $1,030 put CLOSE confirmed, OI 1,402 → 615).