Analyzing the Options Market for Newmont (NYSE:NEM)

Recently, significant bearish activity has been observed in the options market concerning Newmont Corporation, a leading gold mining company. A detailed analysis of the options history reveals that there have been 22 unusual trades involving Newmont (symbol: NEM).

Breaking down the sentiment around these trades, we found that approximately 40% of traders were taking a bullish stance, while 50% were leaning towards bearish positions. Among the trades identified, 12 involved put options valued at $793,136, and 10 involved call options worth $1,178,399.

Projected Price Targets

When analyzing the volume and open interest in these contracts, it appears that major market participants have their sights set on a price target range for Newmont between $35.00 and $45.00 over the past quarter. This projection suggests varied perspectives on the future direction of the stock.

Volume & Open Interest Trends

Examining the trends in volume and open interest provides valuable insights into the market’s liquidity and the level of interest in Newmont's options at specific strike prices. The data offers a clearer picture of how traders are positioning themselves concerning Newmont's stock.

Newmont Call and Put Volume: 30-Day Overview

Given the fluctuations in activity, there has been noteworthy interest surrounding Newmont's call and put options within the discussed price range. Below is a summary of significant options trades that have occurred:

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	$2.70	$2.80	$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	$6.90	$6.75	$6.80	$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 renowned as the largest gold miner globally. The company made significant moves in recent years, including its acquisition of Goldcorp in 2019 and a joint venture with Barrick Gold for its Nevada mines. More recently, Newmont expanded its portfolio by purchasing Newcrest in November 2023. With 17 wholly or majority-owned mines and stakes in two joint ventures across regions like the Americas, Africa, Australia, and Papua New Guinea, Newmont is poised to produce approximately 5.5 million ounces of gold in 2024 from core mines, totaling around 6.8 million ounces when including all operations. Notably, Newmont plans to divest several high-cost, smaller mines that are expected to contribute to about 20% of their projected sales in 2024. Additionally, the company generates valuable byproducts including copper, silver, zinc, and lead, and reported around two decades of gold reserves, along with significant byproduct reserves, as of December 2023.

A comprehensive understanding of Newmont's performance can be deduced from analyzing its recent options activity and current market positioning.

Current Market Status of Newmont

• Newmont is currently trading at a volume of 3,365,651, with its stock price having risen by 3.08% to $42.17.
• Relative Strength Indicator (RSI) readings suggest the stock may be approaching oversold territory.
• The next earnings release is anticipated in 79 days.

Unusual Options Activity Noticed: Big Investors Making Moves

Observing unusual options activity allows investors insight into potential market movers. Understanding the positions large investors take on favorite stocks can be beneficial for personal investments. Options trading carries higher risks than standard stock trading, but they also present greater profit potential. Serious options traders often manage these risks by obtaining daily market education, strategically entering and exiting trades, and considering multiple indicators.

For those keen on keeping updated with the latest in options trades for Newmont, various platforms offer real-time alerts for options trading activities.

options, Newmont, trading