Financial giants have made a conspicuous bearish move on Newmont. Our analysis of options history for Newmont NEM revealed 17 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,501,139, and 7 were calls, valued at $711,269.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $55.0 for Newmont over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Newmont stands at 2141.25, with a total volume reaching 3,328.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Newmont, situated within the strike price corridor from $35.0 to $55.0, throughout the last 30 days.
Newmont Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEM | PUT | SWEEP | BEARISH | 10/17/25 | $17.3 | $17.15 | $17.25 | $55.00 | $391.5K | 118 | 228 |
| NEM | PUT | SWEEP | BEARISH | 10/17/25 | $17.5 | $17.4 | $17.5 | $55.00 | $322.0K | 118 | 436 |
| NEM | CALL | SWEEP | BULLISH | 01/16/26 | $6.0 | $4.95 | $6.0 | $37.50 | $300.6K | 8.9K | 510 |
| NEM | PUT | SWEEP | BEARISH | 08/15/25 | $8.65 | $8.55 | $8.65 | $45.00 | $257.7K | 4.8K | 302 |
| NEM | PUT | SWEEP | BEARISH | 06/20/25 | $6.35 | $6.25 | $6.35 | $42.50 | $173.3K | 3.1K | 300 |
About Newmont
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
In light of the recent options history for Newmont, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Newmont
- Currently trading with a volume of 1,927,050, the NEM's price is down by -1.89%, now at $37.55.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 59 days.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from Benzinga Pro.
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