Newmont Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Newmont (NYSE:NEM) has been observed, with 12 uncommon options trades spotted. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $35.0 to $47.5 for Newmont over the last 3 months.
June 02, 2023 | 4:45 pm
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A large bearish position has been observed on Newmont (NYSE:NEM), with 12 uncommon options trades spotted. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish.
The large bearish position observed in Newmont's options indicates that big-money traders are expecting the stock price to decline in the short term. This bearish sentiment, combined with the fact that 58% of the big-money traders are bearish, suggests that the stock price is likely to go down in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100