27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bullish move on Barrick Gold. Our analysis of options history for Barrick Gold (NYSE:GOLD) revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $573,088, and 5 were calls, valued at $274,175.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $22.0 for Barrick Gold, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Barrick Gold's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Barrick Gold's substantial trades, within a strike price spectrum from $13.0 to $22.0 over the preceding 30 days.
Barrick Gold Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLD | PUT | SWEEP | BULLISH | 01/17/25 | $4.85 | $4.75 | $4.75 | $22.00 | $284.5K | 316 | 600 |
| GOLD | PUT | SWEEP | BULLISH | 01/16/26 | $2.25 | $2.21 | $2.2 | $17.00 | $145.2K | 3.5K | 1 |
| GOLD | CALL | SWEEP | BULLISH | 01/17/25 | $1.36 | $1.35 | $1.35 | $20.00 | $138.8K | 99.9K | 1.1K |
| GOLD | PUT | TRADE | BULLISH | 01/17/25 | $1.38 | $1.37 | $1.37 | $17.00 | $68.3K | 37.9K | 1 |
| GOLD | PUT | TRADE | BEARISH | 09/20/24 | $0.64 | $0.64 | $0.64 | $16.00 | $48.0K | 8.8K | 2 |
About Barrick Gold
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.
In light of the recent options history for Barrick Gold, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Barrick Gold's Current Market Status
- With a trading volume of 13,183,357, the price of GOLD is down by -0.81%, reaching $17.72.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 23 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Barrick Gold with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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