Check Out What Whales Are Doing With GOLD

Someone with a lot of money to spend has taken a bullish stance on Barrick Gold GOLD.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with GOLD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 25 options trades for Barrick Gold.

This isn't normal.

The overall sentiment of these big-money traders is split between 64% bullish and 36%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $53,966, and 24, calls, for a total amount of $1,589,133..

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 $30.0 for Barrick Gold over the last 3 months.

Volume & Open Interest Development

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 Barrick Gold'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 Barrick Gold's whale activity within a strike price range from $10.0 to $30.0 in the last 30 days.

Barrick Gold Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GOLD CALL TRADE NEUTRAL 06/16/23 $16.00 $205.8K 7.8K 490
GOLD CALL TRADE BULLISH 01/17/25 $13.00 $202.0K 5.0K 500
GOLD CALL SWEEP BULLISH 01/17/25 $30.00 $150.0K 10.4K 60
GOLD CALL SWEEP BULLISH 06/16/23 $20.00 $118.0K 24.2K 1.0K
GOLD CALL SWEEP BULLISH 01/19/24 $20.00 $106.2K 55.5K 535

Where Is Barrick Gold Standing Right Now?

  • With a volume of 22,594,874, the price of GOLD is up 2.57% at $20.13.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 20 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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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