Investors with a lot of money to spend have taken a bearish stance on Newmont NEM.
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 NEM, 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 35 uncommon options trades for Newmont.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 65%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $1,495,555, and 24 are calls, for a total amount of $1,685,361.
Projected Price Targets
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 $65.0 for Newmont over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Newmont's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Newmont's significant trades, within a strike price range of $35.0 to $65.0, over the past month.
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 | 03/21/25 | $1.36 | $1.31 | $1.31 | $50.00 | $655.0K | 26.9K | 953 |
| NEM | PUT | SWEEP | BEARISH | 01/16/26 | $18.25 | $18.15 | $18.25 | $65.00 | $381.4K | 137 | 1 |
| NEM | PUT | SWEEP | BEARISH | 01/16/26 | $16.0 | $15.95 | $16.0 | $62.50 | $249.6K | 0 | 0 |
| NEM | CALL | TRADE | BEARISH | 06/20/25 | $2.3 | $2.2 | $2.21 | $52.50 | $232.0K | 2.3K | 45 |
| NEM | PUT | SWEEP | BEARISH | 01/16/26 | $13.95 | $13.9 | $13.9 | $60.00 | $180.7K | 802 | 131 |
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.
Where Is Newmont Standing Right Now?
- With a volume of 7,445,319, the price of NEM is up 1.61% at $48.17.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 0 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.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Newmont with Benzinga Pro for real-time alerts.
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