Newmont (NEM) Offering Possible 5.93% Return Over the Next 14 Calendar Days

Newmont's most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $25.50 short put and a strike $20.50 long put offers a potential 5.93% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $25.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $20.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Newmont is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Newmont is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Newmont

Newmont Mining Reports Solid-Gold 1Q15 Results
Thu, 30 Apr 2015 14:30:19 GMT

Four Gold-Mining Stocks to Consider in a Time of Weak Economic Growth
Thu, 30 Apr 2015 12:34:00 GMT

Newmont Mining Bulls Are Digging for Gold
Thu, 30 Apr 2015 09:55:00 GMT

Bulls mine for gold in Newmont
Thu, 30 Apr 2015 09:47:31 GMT

OceanaGold Remains on M&A Hunt After Newmont Mine Acquisition
Thu, 30 Apr 2015 01:31:32 GMT

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