Unpacking the Latest Options Trading Trends in Barrick Gold

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Whales with a lot of money to spend have taken a noticeably bearish stance on Barrick Gold.

Looking at options history for Barrick Gold GOLD we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $1,430,575 and 2, calls, for a total amount of $57,500.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $22.0 for Barrick Gold over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Barrick Gold options trades today is 14770.4 with a total volume of 38,575.00.

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 $15.0 to $22.0 over the last 30 days.

Barrick Gold Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GOLD PUT SWEEP BEARISH 01/16/26 $6.5 $6.4 $6.5 $22.00 $194.3K 7.7K 1.2K
GOLD PUT SWEEP BEARISH 01/16/26 $6.5 $6.4 $6.5 $22.00 $194.3K 7.7K 950
GOLD PUT TRADE BEARISH 01/16/26 $6.35 $6.3 $6.35 $22.00 $190.5K 7.7K 450
GOLD PUT TRADE BEARISH 03/21/25 $0.56 $0.52 $0.55 $15.00 $176.6K 14.8K 1.8K
GOLD PUT SWEEP BULLISH 01/16/26 $6.45 $6.3 $6.33 $22.00 $126.6K 7.7K 650

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?

  • Currently trading with a volume of 6,586,697, the GOLD's price is up by 0.25%, now at $15.88.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 33 days.

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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.

Overview Rating:
Speculative
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Financials Analysis
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