Deep-pocketed investors have adopted a bullish approach towards Barrick Gold GOLD, 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 GOLD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Barrick Gold. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $95,041, and 7 are calls, amounting to $429,726.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $30.0 for Barrick Gold, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $5.0 to $30.0 in the last 30 days.
Barrick Gold Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLD | CALL | TRADE | NEUTRAL | 01/16/26 | $1.11 | $1.09 | $1.1 | $20.00 | $106.9K | 109.2K | 1.8K |
| GOLD | CALL | SWEEP | BULLISH | 01/16/26 | $1.09 | $1.07 | $1.09 | $20.00 | $93.4K | 109.2K | 861 |
| GOLD | CALL | SWEEP | BEARISH | 12/18/26 | $0.62 | $0.61 | $0.61 | $30.00 | $77.9K | 534 | 1.4K |
| GOLD | CALL | SWEEP | BULLISH | 01/16/26 | $1.89 | $1.84 | $1.89 | $17.00 | $66.1K | 8.0K | 610 |
| GOLD | PUT | TRADE | BULLISH | 12/18/26 | $9.5 | $9.35 | $9.41 | $25.00 | $52.6K | 715 | 101 |
About Barrick Gold
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, 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.
After a thorough review of the options trading surrounding Barrick Gold, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Barrick Gold Standing Right Now?
- With a volume of 3,871,346, the price of GOLD is down -0.22% at $15.71.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 47 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Barrick Gold with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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