Gavin McMaster

Thu, Jun 26, 2025, 4:00 AM3 min read

Goldman Sachs (GS) is due to report earnings after the market close on July 16th. The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction.

GS rates as a Strong Buy according to 9 analysts with 1 Moderate Buy rating and 13 Hold ratings.

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Implied volatility is 66.45% which gives GS an IV Percentile of 71% and an IV Rank of 21.42%.

The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management and consumer banking services to a diversified client base.

It has 4 broad segments. The IB segment comprises the Financial Advisory, Underwriting and lending to corporate clients.

The Global Markets segment comprises Fixed Income, Currency and Commodities, which include client-execution activities related to making markets in credit products, interest rate products, mortgages, currencies and commodities.

Equities include client execution activities related to making markets in equities, commissions and fees, and its securities services business, warehouse lending & structured financing to institutional clients, advisory and underwriting assignments.

The Consumer & Wealth Management segment includes management and other fees, incentive fees and results from deposit-taking activities related to wealth management business.

The Asset Management division comprises management and other fees.

Goldman Sachs Earnings Iron Condor

Today, we’re going to look at an iron condor trade placed over earnings. These types of trades can be high risk, so make sure you understand how they work before attempting something like this.

Ideally, we would like to close it out before earnings.

An iron condor aims to profit from a drop in implied volatility, with the stock staying within an expected range.

When implied volatility is high, the wider the expected range becomes.

The maximum profit for an iron condor is limited to the premium received while the maximum potential loss is also capped. To calculate the maximum loss, take the difference in the strike prices of the long and short options, and subtract the premium received.

Trade Setup

As a reminder, an iron condor is a combination of a bull put spread and a bear call spread.