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

Looking at options history for Newmont (NYSE:NEM) we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $234,354 and 11, calls, for a total amount of $777,132.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $50.0 for Newmont over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Newmont options trades today is 4182.0 with a total volume of 8,598.00.

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 $35.0 to $50.0 over the last 30 days.

Newmont Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Where Is Newmont Standing Right Now?

• With a trading volume of 6,388,861, the price of NEM is up by 1.72%, reaching $41.8.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 65 days from now.

What Analysts Are Saying About Newmont

2 market experts have recently issued ratings for this stock, with a consensus target price of $42.5.

• An analyst from Macquarie downgraded its action to Outperform with a price target of $45.
• Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Newmont with a target price of $40.

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.