Options Market Insights on Newmont Corporation

Financial institutions have recently shown a notable bearish sentiment towards Newmont Corporation, trading under the ticker NEM on the NYSE. Through our evaluation of the options trading activity for Newmont, we discovered a total of 22 unusual trades.

Upon examining these trades, we found that 40% of traders were optimistic about Newmont's prospects, while 50% exhibited more pessimistic views. Among the trades identified, there were 12 put options amounting to $793,136 and 10 call options valued at $1,178,399.

Projected Price Targets

By analyzing the volume and open interest within these options contracts, it appears that significant market players have been targeting a price range between $35.00 and $45.00 for Newmont over the last quarter.

Volume & Open Interest Trends

Monitoring volume and open interest provides critical insights for conducting thorough due diligence on a stock.

This information can effectively gauge the liquidity and prevailing interest in Newmont's options for specific strike prices.

Below, we highlight the activity related to the volume and open interest of both call and put options, illustrating the whale activity for Newmont within the $35.00 to $45.00 price range over the past 30 days.

Newmont Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
NEM	CALL	SWEEP	BEARISH	02/21/25	$2.32	$2.29	$2.29	$42.50	$263.9K	792	1.1K
NEM	CALL	SWEEP	BULLISH	01/17/25	$2.85	$2.7	$2.8	$40.00	$248.3K	13.0K	919
NEM	PUT	SWEEP	BEARISH	03/21/25	$1.14	$1.11	$1.13	$37.50	$197.4K	6.6K	4.7K
NEM	CALL	TRADE	BEARISH	06/20/25	$6.9	$6.75	$6.8	$37.50	$189.0K	956	302
NEM	CALL	TRADE	BEARISH	02/21/25	$2.33	$2.29	$2.29	$42.50	$168.5K	792	1.9K

About Newmont

Newmont is recognized as the largest gold mining company in the world. The company expanded its operations in 2019 by acquiring Goldcorp, then later that year formed a joint venture in Nevada with competitor Barrick. In November 2023, Newmont also acquired Newcrest, further broadening its portfolio of 17 wholly owned or majority-owned mining operations, alongside interests in two joint ventures, spread across the Americas, Africa, Australia, and Papua New Guinea. Looking ahead to 2024, Newmont is anticipated to produce around 5.5 million ounces of gold from its core mines, totaling about 6.8 million ounces overall. The company plans to divest some of its less profitable, smaller mines, which currently contribute approximately 20% of its expected sales in 2024. Besides gold, Newmont also yields notable amounts of copper, silver, zinc, and lead as byproducts. As of December 2023, it had a substantial reserve of gold and significant byproduct reserves, ensuring it has nearly two decades of gold supply secured.

Given the recent trends observed in Newmont's options trading, it’s essential to shift focus towards assessing the company’s present market condition.

Where Is Newmont Standing Right Now?

• The stock is currently experiencing a trading volume of 3,365,651, with the price reflecting an increase of 3.08%, now standing at $42.17.
• The Relative Strength Index (RSI) values indicate that the stock may be nearing an oversold condition.
• The next earnings report is expected in 79 days.

Unusual Options Activity Detected: Smart Money on the Move

Monitoring the options market can unveil potential opportunities before they fully develop. Investors can stay updated on how major players are positioning themselves regarding stocks like Newmont.

Investing in options carries a degree of risk compared to conventional stock trading, but it also offers greater profit potential. Experienced options traders often mitigate this risk by continually educating themselves, adjusting positions as required, utilizing multiple indicators, and keenly observing market trends.

For those interested in tracking the latest options trading activities for Newmont, real-time alerts are available to keep investors well-informed.

Newmont, Options, Market