Looking At Barrick Gold's Recent Unusual Options Activity

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 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $234,136 and 7, calls, for a total amount of $933,992.

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 $17.0 to $30.0 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 10786.5 with a total volume of 8,042.00.

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 $17.0 to $30.0 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 BULLISH 01/17/25 $25.00 $496.0K 11.5K 600
GOLD CALL SWEEP BEARISH 01/17/25 $30.00 $228.4K 10.6K 43
GOLD PUT SWEEP BULLISH 01/19/24 $17.00 $144.0K 27.0K 1.2K
GOLD CALL TRADE BULLISH 01/17/25 $25.00 $72.6K 11.5K 550
GOLD CALL SWEEP BEARISH 06/16/23 $18.00 $48.1K 14.9K 890

Where Is Barrick Gold Standing Right Now?

  • With a volume of 3,382,217, the price of GOLD is up 1.03% at $17.99.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 80 days.

What The Experts Say On Barrick Gold:

  • Goldman Sachs has decided to maintain their Neutral rating on Barrick Gold, which currently sits at a price target of $22.
  • Barclays has decided to maintain their Overweight rating on Barrick Gold, which currently sits at a price target of $28.

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
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!