Looking At Newmont's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Newmont.

Looking at options history for Newmont NEM we detected 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $603,135 and 6, calls, for a total amount of $363,846.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $80.0 for Newmont over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Newmont options trades today is 1854.0 with a total volume of 5,260.00.

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 $65.0 to $80.0 over the last 30 days.

Newmont Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NEM PUT SWEEP BULLISH 01/20/23 $70.00 $235.7K 3.1K 230
NEM CALL TRADE BEARISH 09/16/22 $70.00 $116.0K 3.9K 426
NEM PUT SWEEP BULLISH 06/16/23 $72.50 $86.3K 0 61
NEM CALL SWEEP BEARISH 08/19/22 $70.00 $85.0K 3.0K 373
NEM PUT SWEEP BEARISH 06/17/22 $77.50 $62.1K 1.1K 51

Where Is Newmont Standing Right Now?

  • With a volume of 4,650,109, the price of NEM is down -3.05% at $64.81.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 38 days.

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.

Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA

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