financetom
Business
financetom
/
Business
/
Looking At Barrick Gold's Recent Unusual Options Activity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Looking At Barrick Gold's Recent Unusual Options Activity
Jul 3, 2024 9:51 AM

Deep-pocketed investors have adopted a bullish approach towards Barrick 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 21 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 47% leaning bullish and 42% bearish. Among these notable options, 6 are puts, totaling $544,481, and 15 are calls, amounting to $1,384,604.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $22.0 for Barrick Gold over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Barrick Gold's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Barrick Gold's significant trades, within a strike price range of $15.0 to $22.0, over the past month.

Barrick Gold Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GOLD PUT SWEEP BULLISH 12/18/26 $2.83 $2.08 $2.07 $17.00 $207.0K 16 0
GOLD CALL SWEEP BULLISH 09/20/24 $0.44 $0.43 $0.44 $19.00 $195.0K 10.8K 434
GOLD CALL SWEEP BEARISH 08/16/24 $0.94 $0.93 $0.93 $17.00 $186.0K 8.9K 707
GOLD PUT SWEEP BULLISH 02/21/25 $3.35 $3.2 $3.2 $20.00 $160.0K 990 0
GOLD CALL SWEEP BULLISH 01/16/26 $4.1 $4.05 $4.1 $15.00 $117.2K 16.0K 203

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.

In light of the recent options history for Barrick Gold, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Barrick Gold

Currently trading with a volume of 12,260,509, the GOLD's price is up by 4.3%, now at $17.34.

RSI readings suggest the stock is currently may be approaching overbought.

Anticipated earnings release is in 34 days.

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NRG Energy Surges As Q1 Crushes Forecasts, LS Power Deal Supercharges Long-Term Outlook
NRG Energy Surges As Q1 Crushes Forecasts, LS Power Deal Supercharges Long-Term Outlook
May 26, 2025
NRG Energy, Inc.’s stock skyrocketed after the company reported better-than-expected first-quarter 2025 results and announced the acquisition of Premier Power Portfolio from LS Power. NRG reported a revenue increase of 15.6% year-over-year to $8.59 billion, beating the consensus of $7.83 billion. Adjusted EPS stood at $2.62, beating the consensus of $1.49. Quarterly operating income rose 30.9% YoY to $1.134 billion,...
General Motors Names Sterling Anderson Chief Product Officer
General Motors Names Sterling Anderson Chief Product Officer
May 26, 2025
11:19 AM EDT, 05/12/2025 (MT Newswires) -- General Motors ( GM ) said Monday that it appointed Sterling Anderson as chief product officer, starting June 2. Anderson, who is the co-founder of Aurora, is currently working as chief product officer at the self-driving trucking company. Price: 49.28, Change: +1.78, Percent Change: +3.75 ...
Bloomin' Brands Invests For Longer-Term Growth, Will Do 'Fewer Things Better'
Bloomin' Brands Invests For Longer-Term Growth, Will Do 'Fewer Things Better'
May 26, 2025
Shares of Bloomin’ Brands Inc.  climbed in early Monday trading despite the company reporting a decline in first-quarter sales on Friday. CEO Mike Spanos is identifying various investments that are necessary for the longer-term vitality of the company's different businesses, according to JPMorgan.  The Bloomin’ Brands Analyst: Analyst John Ivankoe maintained a Neutral rating and price target of $9. The Bloomin’...
Aveanna Healthcare Holdings Insider Sold Shares Worth $571,211, According to a Recent SEC Filing
Aveanna Healthcare Holdings Insider Sold Shares Worth $571,211, According to a Recent SEC Filing
May 26, 2025
11:28 AM EDT, 05/12/2025 (MT Newswires) -- Robert M Williams Jr, 10% Owner, on May 08, 2025, sold 98,037 shares in Aveanna Healthcare Holdings ( AVAH ) for $571,211. Following the Form 4 filing with the SEC, Williams has control over a total of 54,162,448 common shares of the company, with 54,162,448 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1832332/000095017025068770/xslF345X05/ownership.xml Price: 5.48, Change:...
Copyright 2023-2025 - www.financetom.com All Rights Reserved