Financial giants have made a conspicuous bearish move on Gold Fields. Our analysis of options history for Gold Fields GFI revealed 10 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $353,225, and 2 were calls, valued at $74,880.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $35.0 for Gold Fields over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Gold Fields stands at 161.25, with a total volume reaching 10,713.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Gold Fields, situated within the strike price corridor from $15.0 to $35.0, throughout 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 | PUT | SWEEP | BEARISH | 10/18/24 | $1.35 | $1.25 | $1.35 | $16.00 | $54.5K | 11 | 407 |
| GFI | PUT | SWEEP | BEARISH | 10/18/24 | $1.4 | $1.35 | $1.4 | $16.00 | $50.9K | 11 | 2.1K |
| GFI | PUT | SWEEP | BEARISH | 10/18/24 | $1.35 | $1.3 | $1.35 | $16.00 | $49.9K | 11 | 1.2K |
| GFI | PUT | SWEEP | BEARISH | 10/18/24 | $1.35 | $1.25 | $1.35 | $16.00 | $48.0K | 11 | 407 |
| GFI | PUT | SWEEP | BEARISH | 10/18/24 | $1.4 | $1.35 | $1.4 | $16.00 | $43.2K | 11 | 1.8K |
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.
After a thorough review of the options trading surrounding Gold Fields, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Gold Fields Standing Right Now?
- Trading volume stands at 5,600,860, with GFI's price up by 5.27%, positioned at $18.19.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 127 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 Gold Fields, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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