Newmont Offering Possible 6.38% Return Over the Next 31 Calendar Days

Newmont's most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $22.00 short put and a strike $17.00 long put offers a potential 6.38% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $22.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $17.00 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 at 43.81 level which suggests that the stock is neither overbought nor oversold at this time.

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 Declares Quarterly Dividend of $0.15 per Share; Updates Gold Price-Linked Dividend Policy to Preserve Financial Flexibility
Thu, 20 Feb 2014 00:29:21 GMT
noodls – DENVER, February 19, 2014 – Newmont Mining Corporation(NYSE: NEM) (“Newmont” or the “Company”) announced its Board of Directors declared a quarterly dividend of $0.15 per share of common …

Newmont Declares Quarterly Dividend of $0.15 per Share; Updates Gold Price-Linked Dividend Policy to Preserve Financial Flexibility
Wed, 19 Feb 2014 23:51:00 GMT
Business Wire – Newmont Mining Corporation announced its Board of Directors declared a quarterly dividend of $0.15 per share of common stock, payable on March 27, 2014, to holders of record at the close of business on March 13, 2014.

Newmont Mining Corporation of Canada Limited Announces Completion of the Redemption of its Exchangeable Shares
Tue, 18 Feb 2014 14:33:00 GMT
CNW Group – Newmont Mining Corporation of Canada Limited Announces Completion of the Redemption of its Exchangeable Shares

Are Mining Stocks Oversold?
Mon, 17 Feb 2014 13:43:56 GMT

Indonesia hopes to issue concentrate export permits by March
Mon, 17 Feb 2014 06:06:49 GMT
Reuters – Indonesia does not expect to approve any export permits for mineral concentrates until next month at the earliest, a senior government official said on Monday. President Susilo Bambang Yudhoyono imposed …

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