Financial giants have made a conspicuous bearish move on Barrick Gold. Our analysis of options history for Barrick Gold GOLD revealed 11 unusual trades.
Delving into the details, we found 9% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $267,177, and 4 were calls, valued at $156,458.
Projected Price Targets
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 $19.0 for Barrick Gold during the past quarter.
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 $13.0 to $19.0 in the last 30 days.
Barrick Gold Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GOLD | PUT | SWEEP | BEARISH | 11/24/23 | $15.50 | $53.4K | 737 | 3.3K |
| GOLD | CALL | TRADE | BEARISH | 01/19/24 | $16.00 | $49.2K | 8.5K | 120 |
| GOLD | PUT | SWEEP | BEARISH | 03/15/24 | $19.00 | $48.2K | 1.1K | 885 |
| GOLD | CALL | SWEEP | BEARISH | 06/21/24 | $13.00 | $44.1K | 7.2K | 0 |
| GOLD | PUT | SWEEP | BEARISH | 03/15/24 | $19.00 | $44.0K | 1.1K | 413 |
About Barrick Gold
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2022, the firm produced nearly 4.1 million attributable ounces of gold and about 440 million pounds of copper. At end 2022, 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.
Following our analysis of the options activities associated with Barrick Gold, we pivot to a closer look at the company's own performance.
Present Market Standing of Barrick Gold
- Trading volume stands at 8,255,367, with GOLD's price up by 2.45%, positioned at $15.5.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 92 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.
© 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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