Barrick Gold Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Barrick Gold (NYSE:GOLD), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% bullish. The total amount for the 3 puts was $124,308 and for the 12 calls was $648,000. Whales have been targeting a price range from $13.0 to $17.0 for Barrick Gold over the last 3 months. The price of GOLD is currently down -0.69% at $15.12. UBS, BMO Capital, and Jefferies have maintained their Buy, Outperform, and Hold ratings respectively.
October 12, 2023 | 6:22 pm
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Barrick Gold has seen unusual options activity, with a bearish stance being taken by a majority of investors. The price of GOLD is currently down -0.69% at $15.12.
The unusual options activity, with a majority of investors taking a bearish stance, could potentially lead to a decrease in the price of Barrick Gold in the short term. This is further supported by the current decrease in price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100