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3 Options Trades Goldman Is Watching With Catalysts Coming

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LPL Financial Holdings Inc. NASDAQ:LPLA, Johnson & Johnson NYSE:JNJ - 3 Options Trades Goldman Is Watching With Catalysts Coming

Goldman Sachs’ Katherine Fogertey noted the options market was overlooking some important catalysts for several single stocks. Fogertey recommended additional investments in LPL Financial Holdings Inc LPLA 6.41%, Johnson & Johnson JNJ and Affiliated Managers Group, Inc. AMG 0.92%.

LPL Financial Holdings Inc

Goldman Sachs recommended buying LPL Financial Holding puts to hedge negative risks around higher fee products and earnings.

A new fiduciary rule by the Department of Labor may have negative implications for LPL Financial Holdings. The new rule is expected to expand the responsibility of investment advisors to include low management fees, besides the suitability requirements.

Analyst Conor Fitzgerald believes “variable annuity sales, which make up 40% of Sell rated LPLA’s commission revenue, are likely to decline regardless of...