What Does The Smart Money Think About GOLD?

Dividend Investing

A large options block trade hit the tape last week in one of the biggest gold producers, Barrick Gold (GOLD). The trader placed a 3-legged options spread using 23,000 options contracts per leg. The spread is likely a put spread collar that allows GOLD some upside potential while hedging against a portion of downside risk. This June trade could be a way to protect some stock gains in GOLD after a recent move higher.