Options Market Insights on Newmont (NYSE:NEM)

Recent activity in the options market for Newmont (NYSE:NEM) has sparked attention among investors. Financial institutions have noticeably shifted towards a more bearish stance, and our review of Newmont's options trades indicates that there are some unusual movements occurring.

In analyzing the options history for Newmont, we found a mixed sentiment among traders. Only 40% of traders adopted a bullish outlook, while a more significant 50% leaned toward bearish positions. Out of the trades we examined, 12 were put options valued at $793,136, and there were 10 call options with a total worth of $1,178,399.

Projected Price Targets

By assessing the volume and open interest related to these options contracts, it becomes evident that larger players in the market have considered a price range for Newmont between $35.00 and $45.00 over the last quarter.

Volume & Open Interest Trends

Understanding the trends in volume and open interest is crucial for comprehensive due diligence on a stock. These metrics assist in determining the liquidity and market interest for Newmont's options at specific strike prices.

Recent data reveals the changes in call and put volume related to Newmont within the price range of $35.00 to $45.00 over the past month.

Newmont Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
NEM	CALL	SWEEP	BEARISH	02/21/25	$2.32	$2.29	$2.29	$42.50	$263.9K	792	1.1K
NEM	CALL	SWEEP	BULLISH	01/17/25	$2.85	$2.7	$2.8	$40.00	$248.3K	13.0K	919
NEM	PUT	SWEEP	BEARISH	03/21/25	$1.14	$1.11	$1.13	$37.50	$197.4K	6.6K	4.7K
NEM	CALL	TRADE	BEARISH	06/20/25	$6.9	$6.75	$6.8	$37.50	$189.0K	956	302
NEM	CALL	TRADE	BEARISH	02/21/25	$2.33	$2.29	$2.29	$42.50	$168.5K	792	1.9K

About Newmont

Newmont is recognized as the largest gold mining company in the world. In 2019, it expanded its operations by acquiring Goldcorp and later formed a joint venture with Barrick to combine their Nevada mines. Most recently, in November 2023, Newmont completed the acquisition of competitor Newcrest. The company's portfolio includes 17 mines that it wholly owns or holds majority stakes in, along with two joint ventures distributed across the Americas, Africa, Australia, and Papua New Guinea. Newmont forecasts a gold production of approximately 5.5 million ounces from its core mining operations in 2024. This figure is expected to reach a total of 6.8 million ounces when including other ventures. However, the company may divest from some of its smaller, higher-cost mines that account for around 20% of its expected sales for 2024. In addition to gold, Newmont also produces significant quantities of copper, silver, zinc, and lead as byproducts. As of December 2023, it holds a robust inventory of gold reserves that could last for two decades, accompanied by substantial reserves of byproducts.

After analyzing the recent options activity for Newmont, it is essential to turn our attention to the company’s current standing.

Current Performance of Newmont

• The share price of NEM currently stands at $42.17, reflecting an increase of 3.08% with a trading volume of 3,365,651.
• Relative Strength Index (RSI) readings suggest that the stock may be nearing oversold territory.
• Earnings announcements are anticipated in approximately 79 days.

Unusual Options Activity Observed

The Unusual Options board provides insights into potential market movements before they occur, highlighting the positions that institutional investors take on various stocks.

While options trading entails greater risks than trading stocks alone, it also offers higher potential returns. Serious options traders minimize this risk through continuous education, careful management of trades, and tracking market trends.

To stay informed about the latest options activities for Newmont, consider utilizing real-time trade alerts from trusted financial tools.

Options, Market, Newmont