This Is What Whales Are Betting On Barrick Gold

This Is What Whales Are Betting On Barrick Gold

A whale with a lot of money to spend has taken a noticeably bearish stance on Barrick Gold.

Looking at options history for Barrick Gold GOLD we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $77,100 and 9, calls, for a total amount of $466,335.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $37.0 for Barrick Gold over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Barrick Gold options trades today is 15476.5 with a total volume of 2,677.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Barrick Gold's big money trades within a strike price range of $10.0 to $37.0 over the last 30 days.

Barrick Gold Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GOLD CALL TRADE BEARISH 11/18/22 $13.00 $67.2K 2.8K 379
GOLD CALL TRADE BULLISH 01/17/25 $10.00 $65.5K 5.2K 403
GOLD CALL TRADE BULLISH 01/17/25 $10.00 $65.0K 5.2K 303
GOLD CALL TRADE BEARISH 01/17/25 $10.00 $64.0K 5.2K 203
GOLD CALL SWEEP BEARISH 01/17/25 $10.00 $63.8K 5.2K 103

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GOLD CALL TRADE BEARISH 11/18/22 $13.00 $67.2K 2.8K 379
GOLD CALL TRADE BULLISH 01/17/25 $10.00 $65.5K 5.2K 403
GOLD CALL TRADE BULLISH 01/17/25 $10.00 $65.0K 5.2K 303
GOLD CALL TRADE BEARISH 01/17/25 $10.00 $64.0K 5.2K 203
GOLD CALL SWEEP BEARISH 01/17/25 $10.00 $63.8K 5.2K 103

Where Is Barrick Gold Standing Right Now?

  • With a volume of 13,377,702, the price of GOLD is down -1.62% at $15.36.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 98 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 Barrick Gold, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets