The Unyielding Bet on Barrick Gold

Barrick Gold's Recent Performance Sparks Interest Among Whales

Barrick Gold (GOLD) has been making waves in the market recently, and it seems that institutional investors, also known as "whales," are taking notice. According to data from Benzinga's Options Screener, a number of whales have been placing large bets on the gold mining company.

One of the most notable trades is from a new position opened by a large hedge fund, which purchased 20,000 calls with a strike price of $25. This trade represents a significant bet on Barrick Gold's future performance, and could potentially be a sign of increased confidence in the company's prospects.

Another whale, a well-known investment firm, has also been buying up calls on Barrick Gold. This firm purchased 15,000 calls with a strike price of $25, and has also been buying up puts with a strike price of $20. This trade suggests that the firm is betting on Barrick Gold's stock price to rise, but is also taking a cautious approach by buying puts to hedge against potential losses.

The recent performance of Barrick Gold has been a major driver of the increased interest among whales. The company's stock price has been on the rise in recent weeks, and many investors are betting on the company's continued success. Barrick Gold's recent earnings report was also well-received by investors, which could have contributed to the increased interest in the company's stock.

Overall, the recent trades by whales on Barrick Gold suggest that many institutional investors are betting on the company's continued success. While it's impossible to know for certain what the future holds, these trades could potentially be a sign of increased confidence in Barrick Gold's prospects.