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Whales with a lot of money to spend have taken a noticeably bullish stance on Barrick Gold.
Looking at options history for Barrick Gold (NYSE:GOLD) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $139,350 and 20, calls, for a total amount of $1,561,755.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $21.0 for Barrick Gold, spanning the last three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Barrick Gold's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Barrick Gold's substantial trades, within a strike price spectrum from $13.0 to $21.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLD | CALL | SWEEP | BEARISH | 11/15/24 | $1.91 | $1.8 | $1.9 | $16.00 | $190.0K | 615 | 1.0K |
| GOLD | CALL | TRADE | BULLISH | 01/16/26 | $4.2 | $4.05 | $4.2 | $15.00 | $159.6K | 15.5K | 478 |
| GOLD | CALL | SWEEP | BEARISH | 08/16/24 | $1.18 | $1.17 | $1.17 | $17.00 | $117.1K | 4.9K | 1.1K |
| GOLD | CALL | SWEEP | BULLISH | 11/15/24 | $0.72 | $0.7 | $0.72 | $20.00 | $97.9K | 5.7K | 1.3K |
| GOLD | CALL | SWEEP | NEUTRAL | 07/19/24 | $0.91 | $0.9 | $0.91 | $17.00 | $85.4K | 5.6K | 3.2K |
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.
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.
Posted In: GOLD
