Barrick Gold Whale Trades spotted

Someone with a lot of money to spend has taken a bearish position on Barrick Gold GOLD.

And retailers should know.

We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.

Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with GOLD, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Benzinga's options scanner today spotted 18 unusual options trades for Barrick Gold.

This is not normal.

The general sentiment of these big traders is split between 44% bullish and 55% bearish.

Of all the special options we discovered, 6 are puts, totaling $253,047, and 12 are calls, totaling $467,550 .

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $10.0 to $25.0 for Barrick Gold over the course of for the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for options trades on Barrick Gold today is 10,376.94 with a total volume of 18,517, 00.

In the following graph we are able to follow the evolution of volume and open interest of call and put options for large trades of Barrick Gold within a range strike price from $10.0 to $25.0 in the last 30 days.

Barrick Gold Option Volume and Open Interest in the Last 30 Days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume GOLD PUT SWEEP BEARISH 12/16/22 $15.00 $76,100 8.0K 662 GOLD CALL SWEEP BULLISH 10/21/22 $16.00 $68,100 10.8K 2.9K GOLD PUT SWEEP BULLISH 03/17/23 $15.00 $53,700 1.9K 371 GOLD CALL TRADE BULLISH 01/20/23 $10.00 $52,300 948 102 GOLD CALL TRADE BULLISH 01/20/23 $25.00 $50,000 55.8K 5.0K

Where is Barrick Gold right now? With a volume of 17,521,175, the price of GOLD is down -0.16% at $15.15. RSI indicators suggest that the underlying stock may be oversold. The next results should be published in 42 days. What experts say about Barrick Gold: Goldman Sachs downgraded its stock to Neutral with a price target of $18

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay informed about the latest options trades for Barrick Gold, Benzinga Pro gives you real-time options trade alerts.

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