What the Options Market Tells Us About Barrick Mining

Investors with a lot of money to spend have taken a bullish stance on Barrick Mining (NYSE:B).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with B, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga‘s options scanner spotted 13 uncommon options trades for Barrick Mining.

This isn’t normal.

The overall sentiment of these big-money traders is split between 53% bullish and 30%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $58,535, and 11 are calls, for a total amount of $1,016,750.

What’s The Price Target?

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $20.0 and $65.0 for Barrick Mining, spanning the last three months.

Volume & Open Interest Development

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 Mining’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 Mining’s substantial trades, within a strike price spectrum from $20.0 to $65.0 over the preceding 30 days.

Barrick Mining Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Barrick Mining

After a thorough review of the options trading surrounding Barrick Mining, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Barrick Mining Standing Right Now?

• With a volume of 9,741,740, the price of B is up 2.99% at $45.1.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 89 days.

Expert Opinions on Barrick Mining

In the last month, 1 experts released ratings on this stock with an average target price of $63.0.

• Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Barrick Mining, targeting a price of $63.

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.