A whale with lots of money to spend has taken an apparently bearish stance newmont,
Looking at the options history for Newmont NEM We unearthed 12 of the weirdest trades.
If we consider the specifics of each trade, it would be fair to say that 33% of investors opened trades with bullish expectations and 66% with bearish ones.
Of the total spotted trades, there are 6 puts for a total of $319,514 and 6 calls for a total of $298,503.
Considering the volume and open interest on these contracts, it appears that whales are targeting a price range of $40.0 to $60.0 for Newmont over the past 3 months.
Volume and Open Interest Development
A practical way to do due diligence on a stock is by looking at the volume and open interest.
This data can help you track the liquidity and interest for Newmont’s options for a given strike price.
Below, we can see the evolution of call and put volume and open interest, respectively, for all whale activity on Newmont within the $40.0 to $60.0 strike price range over the past 30 days.
Newmont option volume and open interest over the last 30 days
Largest options seen:
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NEM | call | Business | fast | 01/17/25 | $57.50 | $99.3K | 582 | 190 |
| NEM | Keep | sweep | neutral | 06/21/24 | $40.00 | $83.4K | 641 | 1.1 thousand |
| NEM | Keep | sweep | neutral | 06/21/24 | $40.00 | $67.6K | 641 | 510 |
| NEM | call | Business | fast | 06/16/23 | $50.00 | $59.2K | 12.8 thousand | 649 |
| NEM | Keep | sweep | recession | 06/21/24 | $40.00 | $57.9K | 641 | 509 |
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NEM | call | Business | fast | 01/17/25 | $57.50 | $99.3K | 582 | 190 |
| NEM | Keep | sweep | neutral | 06/21/24 | $40.00 | $83.4K | 641 | 1.1 thousand |
| NEM | Keep | sweep | neutral | 06/21/24 | $40.00 | $67.6K | 641 | 510 |
| NEM | call | Business | fast | 06/16/23 | $50.00 | $59.2K | 12.8 thousand | 649 |
| NEM | Keep | sweep | recession | 06/21/24 | $40.00 | $57.9K | 641 | 509 |
Where does Newmont stand now?
- With a volume of 5,939,357, NEM price is down -0.55% at $47.62.
- The RSI indicator is indicating that the underlying stock is currently trading in a neutral position between overbought and oversold.
- The next earnings release is expected in 6 days.
What the experts say on Newmont:
- Goldman Sachs has decided to maintain a buy rating on Newmont, currently with a price target of $67.
- Citigroup has decided to maintain its Buy rating on Newmont, currently with a price target of $60.
- Barclays has decided to maintain its equal-weight rating on Newmont, currently with a price target of $62.
Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping 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 Provides you with real-time options trade alerts.
