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Financial giants have made a conspicuous bearish move on Newmont. Our analysis of options history for Newmont (NYSE:NEM) revealed 63 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $455,288, and 53 were calls, valued at $6,003,866.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $52.5 to $130.0 for Newmont over the recent three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Newmont's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Newmont's substantial trades, within a strike price spectrum from $52.5 to $130.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEM | CALL | TRADE | BEARISH | 01/15/27 | $32.15 | $29.6 | $30.5 | $65.00 | $1.8M | 27.0K | 610 |
| NEM | CALL | SWEEP | BULLISH | 01/15/27 | $38.0 | $38.0 | $38.0 | $55.00 | $760.0K | 2.4K | 200 |
| NEM | CALL | SWEEP | BEARISH | 01/15/27 | $31.65 | $31.35 | $31.4 | $65.00 | $163.3K | 27.0K | 726 |
| NEM | CALL | SWEEP | BEARISH | 10/31/25 | $13.15 | $12.5 | $12.5 | $78.00 | $143.8K | 162 | 115 |
| NEM | CALL | TRADE | BULLISH | 01/16/26 | $11.4 | $11.15 | $11.4 | $85.00 | $95.7K | 8.7K | 136 |
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 11 mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines following the Newcrest acquisition. 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 2024.
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $96.0.
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 UBS has decided to maintain their Buy rating on Newmont, which currently sits at a price target of $92. * Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Newmont with a target price of $84. * In a positive move, an analyst from CIBC has upgraded their rating to Outperformer and adjusted the price target to $112.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Newmont with Benzinga Pro for real-time alerts.
Posted In: NEM
