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

Looking at options history for Newmont (NYSE:NEM) we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $799,593 and 5, calls, for a total amount of $167,150.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $45.0 for Newmont, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Newmont's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Newmont's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days.

Newmont Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Newmont

Following our analysis of the options activities associated with Newmont, we pivot to a closer look at the company's own performance.

Present Market Standing of Newmont

• Trading volume stands at 4,361,434, with NEM's price down by -2.6%, positioned at $33.52.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 17 days.

Professional Analyst Ratings for Newmont

In the last month, 2 experts released ratings on this stock with an average target price of $52.5.

• An analyst from TD Securities downgraded its action to Hold with a price target of $46.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Newmont, targeting a price of $59.

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.