Looking At Newmont's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Newmont.

Looking at options history for Newmont NEM we detected 27 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $140,066 and 23, calls, for a total amount of $1,365,528.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $25.0 and $75.0 for Newmont, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Newmont options trades today is 6327.86 with a total volume of 6,563.00.

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 $25.0 to $75.0 over the last 30 days.

Newmont Call and Put Volume: 30-Day Overview

Options Call Chart

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	BULLISH	01/16/26	$18.45	$18.15	$18.37	$42.50	$183.7K	1.6K	118
NEM	CALL	TRADE	BEARISH	01/16/26	$13.45	$13.35	$13.35	$50.00	$132.1K	4.6K	333
NEM	CALL	TRADE	BEARISH	01/16/26	$13.4	$13.35	$13.35	$50.00	$132.1K	4.6K	134
NEM	CALL	TRADE	NEUTRAL	03/21/25	$19.05	$18.75	$18.9	$40.00	$94.4K	368	50
NEM	CALL	TRADE	BULLISH	03/21/25	$4.2	$4.15	$4.2	$60.00	$84.0K	2.2K	433

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 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont 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 4,291,434, the price of NEM is up 0.35% at $57.82.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 2 days.

What Analysts Are Saying About Newmont

2 market experts have recently issued ratings for this stock, with a consensus target price of $65.0.

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.
* An analyst from Jefferies has decided to maintain their Buy rating on Newmont, which currently sits at a price target of $63.
* An analyst from UBS persists with their Buy rating on Newmont, maintaining a target price of $67.

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.

Market News and Data brought to you by Benzinga APIs