Deep-pocketed investors have adopted a bearish approach towards Gold Fields GFI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GFI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Gold Fields. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 53% bearish. Among these notable options, 2 are puts, totaling $229,730, and 11 are calls, amounting to $4,035,254.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.0 and $15.0 for Gold Fields, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Gold Fields options trades today is 5478.5 with a total volume of 75,785.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Gold Fields's big money trades within a strike price range of $12.0 to $15.0 over the last 30 days.
Gold Fields Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GFI | CALL | SWEEP | BEARISH | 01/17/25 | $3.0 | $0.5 | $2.4 | $15.00 | $1.9M | 18.6K | 0 |
| GFI | CALL | SWEEP | BEARISH | 01/17/25 | $1.85 | $1.7 | $1.75 | $15.00 | $525.0K | 18.6K | 19.5K |
| GFI | CALL | SWEEP | BEARISH | 01/17/25 | $1.95 | $1.9 | $1.9 | $15.00 | $392.1K | 18.6K | 16.5K |
| GFI | CALL | SWEEP | BULLISH | 01/17/25 | $2.5 | $2.0 | $2.5 | $15.00 | $367.6K | 18.6K | 10.5K |
| GFI | CALL | TRADE | BULLISH | 01/17/25 | $2.45 | $2.0 | $2.45 | $15.00 | $277.0K | 18.6K | 10.5K |
About Gold Fields
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.
Following our analysis of the options activities associated with Gold Fields, we pivot to a closer look at the company's own performance.
Current Position of Gold Fields
- With a volume of 5,354,597, the price of GFI is down -11.74% at $13.98.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 64 days.
Professional Analyst Ratings for Gold Fields
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $18.0.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Gold Fields with a target price of $18.
- An analyst from JP Morgan persists with their Neutral rating on Gold Fields, maintaining a target price of $18.
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 Gold Fields, Benzinga Pro gives you real-time options trades alerts.
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