| Newmont gets big vote of confidence | |
| | |
|
Traders are betting that Newmont Mining will hold its ground through quarterly results next month.
optionMONSTER's market scanners show that 5,000 February 19 puts were sold for $0.75 to $0.77 in 1 second today. Volume was more than 8 times the open interest in the strike, which indicates that this is a new position.
Short puts lock in a price where investors must buy a stock, while letting them collect premium. Traders use the technique when they like a stock and think that the risk of a big drop is limited. (See our Coaching section)
Today's trade follows bullish call buying in the February 20 strike on Wednesday, which was reported in real-time on our InsideOptions Pro subscription service. Those contracts popped quickly in the next session and continue to advance today.
NEM is up 1.64 to $19.85 in morning trading, reversing early losses, and is up 17 percent in the last week. The gold, silver, and copper miner is scheduled to report earnings after the close on Feb. 17, two days before today's short puts expire.
More From optionMONSTER
|
|
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
CODE : NEM |
ISIN : US6516391066 |
CUSIP : 651639106 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Newmont is a gold and copper producing company based in United states of america. Newmont produces gold, copper, silver in Australia, in Bolivia, in Canada, in Ghana, in Indonesia, in Mexico, in New Zealand, in Peru and in Uzbekistan, develops copper and gold in Canada, in Ghana and in Peru, and holds various exploration projects in Canada, in Guyana, in Indonesia, in Solomon Islands and in Turkey. Its main assets in production are KORI KOLLO and TURQUOISE RIDGE (GETCHELL) in Bolivia, KALGOORLIE "SUPER PIT" JV, YANDAL / JUNDEE, JUNDEE, BODDINGTON, BODDINGTON MINE, NEVADA STOCKPILES, KEN SNYDER and TANAMI in Australia, YANACOCHA MINE, LEEVILLE MINING COMPLEX, YANACOCHA and LA ZANJA in Peru, CON MINE in Canada, BATU HIJAU, BATU HIJAU STOCKPILES and MIDAS in Indonesia, AHAFO and AHAFO SOUTH in Ghana, HERRADURA, LA HERRADURA and SOLEDAD & DIPOLOS in Mexico, ZARAFSHAN, NEVADA IN PROCESS and ZARAFSHAN in Uzbekistan and MARTHA (WAIHI) MINE, CARLIN UNDERGROUND, PHOENIX, TWIN CREEKS, LONE TREE COMPLEX and CARLIN OPEN PIT in New Zealand, its main assets in development are AKYEM in Ghana, CONGA in Peru and FORT A LA CORNE (FALC) - JV in Canada and its main exploration properties are MINAHASA and LONE TREE GOLD MINE in Indonesia, MADRID DEPOSIT SOUTH PATCH, DUQUET, LESPERANCE, ADELAIDE, TUSCARORA, HOPE BAY BOSTON, MADRID DEPOSIT NAARTOK EAST, HOPE BAY MADRID, MONUMENT BAY, MADRID DEPOSIT NAARTOK WEST, HOPE BAY DORIS, RAIN and GOLDEN EAGLE MINE in Canada, MACARA in Ecuador, TOBOGGAN JV in Turkey, WOODLINE and BEAR LODGE in Australia and CALCATREAU in Argentina. Newmont is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is 2.7 billions as of today (€ 2.5 billions). Its stock quote reached its lowest recent point on July 24, 1987 at 10.34, and its highest recent level on October 18, 2024 at 57.62. Newmont has 47 442 200 shares outstanding. |