Second-quarter earnings season is in the rear-view mirror, but there is still a busy calendar in the weeks ahead that could give a jolt to some major stocks. Goldman Sachs’ derivative research team, led by Vishal Vivek, said in a note to clients on Thursday that analyst days add significant volatility to stocks and maybe even more impactful during bear markets.
Clearly, options traders are anticipating a significant change in the price of Goldman Sachs shares, but what does the company's underlying situation look like? In the Financial - SBIC & Commercial Industry industry, which is in the Top 35% of our Zacks Industry Rank, Goldman Sachs currently has a Zacks Rank #2 (Buy). Given the current sentiment among analysts against Goldman Sachs, this enormous implied volatility may indicate the emergence of a trade.