Deep-pocketed investors have adopted a bearish approach towards Newmont (NYSE:NEM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Newmont. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 9 are puts, totaling $740,103, and 9 are calls, amounting to $1,195,318.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $27.5 to $52.5 for Newmont during the past quarter.

Volume & Open Interest Development

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 $27.5 to $52.5 over the preceding 30 days.

Newmont 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Newmont

In light of the recent options history for Newmont, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Newmont's Current Market Status

• Currently trading with a volume of 3,430,362, the NEM's price is up by 2.49%, now at $42.12.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 42 days.

What The Experts Say On Newmont

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $46.5.

• An analyst from Bernstein has decided to maintain their Market Perform rating on Newmont, which currently sits at a price target of $45.
• Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for Newmont, targeting a price of $48.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Newmont, Benzinga Pro gives you real-time options trades alerts.