Market Whales and Their Recent Bets on GOLD Options

Whales with a lot of money to spend have taken a noticeably bearish stance on Barrick Gold.

Looking at options history for Barrick Gold GOLD we detected 39 trades.

If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.

From the overall spotted trades, 20 are puts, for a total amount of $1,619,363 and 19, calls, for a total amount of $1,985,167.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $25.0 for Barrick Gold during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Barrick Gold's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Barrick Gold's significant trades, within a strike price range of $10.0 to $25.0, over the past month.

Barrick Gold Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GOLD CALL TRADE BEARISH 01/17/25 $0.89 $0.85 $0.85 $20.00 $595.0K 104.7K 6.0K
GOLD PUT SWEEP BULLISH 01/16/26 $2.86 $2.69 $2.7 $17.00 $413.6K 8.6K 3.5K
GOLD CALL SWEEP BULLISH 01/17/25 $1.0 $0.9 $1.0 $20.00 $339.2K 104.7K 3.2K
GOLD PUT SWEEP BULLISH 01/16/26 $2.8 $2.76 $2.8 $17.00 $169.9K 8.6K 714
GOLD CALL TRADE BULLISH 01/16/26 $4.15 $3.5 $4.14 $15.00 $165.5K 13.3K 400

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.

Having examined the options trading patterns of Barrick Gold, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Barrick Gold

  • Trading volume stands at 24,507,661, with GOLD's price down by -5.73%, positioned at $16.38.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 15 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Barrick Gold options trades with real-time alerts from Benzinga Pro.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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