Deep-pocketed investors have adopted a bullish approach towards Newmont NEM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 31 extraordinary options activities for Newmont. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 77% leaning bullish and 16% bearish. Among these notable options, 9 are puts, totaling $287,714, and 22 are calls, amounting to $2,601,084.
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 $30.0 to $65.0 for Newmont over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Newmont options trades today is 2412.25 with a total volume of 10,184.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Newmont's big money trades within a strike price range of $30.0 to $65.0 over the last 30 days.
Newmont Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEM | CALL | TRADE | BEARISH | 11/21/25 | $3.3 | $3.2 | $3.2 | $45.00 | $320.0K | 818 | 1.0K |
| NEM | CALL | SWEEP | BULLISH | 11/21/25 | $9.05 | $9.0 | $9.05 | $32.50 | $270.5K | 454 | 1 |
| NEM | CALL | SWEEP | BULLISH | 10/17/25 | $10.45 | $10.35 | $10.45 | $30.00 | $238.2K | 55 | 229 |
| NEM | CALL | SWEEP | BULLISH | 01/16/26 | $9.05 | $9.0 | $9.05 | $32.50 | $193.6K | 3.4K | 231 |
| NEM | CALL | SWEEP | BULLISH | 06/20/25 | $7.55 | $7.45 | $7.55 | $32.50 | $189.5K | 1.3K | 253 |
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.
Having examined the options trading patterns of Newmont, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Newmont Standing Right Now?
- With a volume of 4,043,630, the price of NEM is up 3.05% at $38.35.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 49 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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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