Whales with a lot of money to spend have taken a noticeably bearish stance on Gold Fields.
Looking at options history for Gold Fields GFI we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $311,259 and 5, calls, for a total amount of $800,831.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $16.0 for Gold Fields during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Gold Fields's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Gold Fields's whale activity within a strike price range from $13.0 to $16.0 in the last 30 days.
Gold Fields Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GFI | CALL | SWEEP | BULLISH | 06/21/24 | $13.00 | $279.0K | 15.9K | 2.5K |
| GFI | CALL | SWEEP | BULLISH | 06/21/24 | $13.00 | $236.0K | 15.9K | 1.5K |
| GFI | CALL | SWEEP | NEUTRAL | 06/21/24 | $13.00 | $199.5K | 15.9K | 99 |
| GFI | PUT | SWEEP | BEARISH | 06/21/24 | $14.00 | $63.6K | 662 | 1.4K |
| GFI | PUT | SWEEP | BEARISH | 06/21/24 | $15.00 | $62.2K | 54 | 851 |
About Gold Fields
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.
In light of the recent options history for Gold Fields, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Gold Fields Standing Right Now?
- Trading volume stands at 3,237,067, with GFI's price up by 6.76%, positioned at $15.8.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 21 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Gold Fields, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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