Volume Spike Investor

Shares of Goldman Sachs Group Inc. (NYSE: GS) are trading up today by 1.4% at $180.80 at 12:06 PM EST.  Part of the relief is from Lehman’s (NYSE: LEH) earnings not being an “at-risk”operation and the rest is traders positioning themselves ahead of earnings tomorrow for the investment banking giant.  The flurry of interest is actually more interesting because the activity is in JUNE-2008 options that expire in just four days from now.  Here are the trades seen so far with the open interest in the JUNE2008 CALLS:

STRIKE          Volume   OpInt
$170.00       11,838    14,986
$175.00       13,660    10,498
$180.00       11,401    12,244
$185.00       12,179    9,008
$190.00       4,957     14,269

We’ve also seen 8.5 million shares trade hands as of 12:06 PM EST.

Average trading volume:  11.5 million shares

52-WEEK RANGE: $140.27 to $250.70

Jon Ogg
June 16, 2008