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Behind the Scenes of Newmont's Latest Options Trends

Benzinga ·  Sep 25 00:30

Whales with a lot of money to spend have taken a noticeably bearish stance onNewmont.

Looking at options history for Newmont (NYSE:NEM) we detected 22 trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $102,300 and 20, calls, for a total amount of $2,023,989.

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 $35.0 to $60.0 for...

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