Benzinga's options scanner just detected over 11 options trades for Newmont (NYSE:NEM) summing a total amount of $628,322.

At the same time, our algo caught 7 for a total amount of 362,072.

Predicted Price Range

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 $35.0 for Newmont, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Newmont options trades today is 1602.5 with a total volume of 4,609.00.

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 $30.0 to $35.0 over the last 30 days.

Newmont 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Newmont

Current Position of Newmont

• With a trading volume of 1,581,441, the price of NEM is up by 0.36%, reaching $36.48.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 94 days from now.

What Analysts Are Saying About Newmont

1 market experts have recently issued ratings for this stock, with a consensus target price of $58.0.

• In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $58.

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.