Benzinga | Dec 10, 2021 04:22PM EST

Check Out What Whales Are Doing With GOLD

A whale with a lot of money to spend has taken a noticeably bullish stance on Barrick Gold.

Looking at options history for Barrick Gold (NYSE:GOLD) we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 71.43% of the investors opened trades with bullish expectations and 28.57% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $375,425.00 and 9, calls, for a total amount of $431,903.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $25.0 for Barrick Gold over the last 3 months.

Volume & Open Interest Development

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 $10.0 to $25.0 in the last 30 days.

Barrick Gold Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestGOLD PUT SWEEP BULLISH 03/18/ $18.00 $124.0K 11.4K 1.0K 22GOLD CALL SWEEP BULLISH 06/17/ $20.00 $105.0K 14.2K 1.0K 22GOLD PUT SWEEP BULLISH 02/18/ $18.00 $98.1K 1.8K 1.5K 22GOLD CALL SWEEP BULLISH 06/17/ $18.00 $93.5K 4.5K 1.2K 22GOLD PUT TRADE BEARISH 01/20/ $15.00 $87.1K 27.8K 764 23

Where Is Barrick Gold Standing Right Now?

* With a volume of 14,159,160.00, the price of GOLD is down -1.24% at $17.95.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 69 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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.