Newmont Unusual Options Activity For May 18
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Newmont (NYSE:NEM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 uncommon options trades, with 63% being bearish and 36% bullish. The targeted price range for Newmont over the last 3 months is $43.5 to $60.0.
May 18, 2023 | 3:46 pm
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A large investor has taken a bearish stance on Newmont (NYSE:NEM) with unusual options activity. 63% of the trades are bearish, while 36% are bullish. The targeted price range for Newmont over the last 3 months is $43.5 to $60.0.
The unusual options activity, with a majority being bearish, indicates that a large investor is expecting the stock price to decline in the short term. This could potentially impact the stock price negatively as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100