Looking At Newmont's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Newmont.

Looking at options history for Newmont NEM we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $293,270 and 4, calls, for a total amount of $210,690.

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 $70.0 for Newmont over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Newmont's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Newmont's whale trades within a strike price range from $30.0 to $70.0 in the last 30 days.

Newmont Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NEM CALL SWEEP BULLISH 01/20/23 $65.00 $80.2K 5.2K 247
NEM CALL TRADE BULLISH 01/19/24 $30.00 $72.5K 29 25
NEM PUT SWEEP BEARISH 07/15/22 $70.00 $65.9K 606 24
NEM PUT SWEEP BEARISH 08/19/22 $57.50 $60.7K 1.0K 310
NEM PUT TRADE BULLISH 01/20/23 $67.50 $59.0K 824 27

Where Is Newmont Standing Right Now?

  • With a volume of 3,938,234, the price of NEM is up 0.85% at $58.43.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 12 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Newmont, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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