Newmont Offering Possible 6.84% Return Over the Next 22 Calendar Days

Newmont's most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $26.00 short put and a strike $21.00 long put offers a potential 6.84% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $21.00 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 54.63 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

Stock-market bulls face hurdles in the week ahead
Sat, 26 Oct 2013 01:22:47 GMT
CNBC – Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?

NEM November 1st Options Begin Trading
Thu, 24 Oct 2013 14:51:00 GMT
Forbes – Investors in Newmont Mining Corp. (NYSE: NEM) saw new options become available today, for the November 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NEM options chain for the new November 1st contracts and identified one put and one call contract of particular […]

Precious Metals Stock Roundup: Gold Shoots Up as US Wards Off Default
Wed, 23 Oct 2013 13:52:04 GMT
Zacks – Gold racked up healthy gain after the U.S. Senate cut a deal to avert debt default.

Newmont Mining removed from the short-term buy list at Deutsche Bank
Wed, 23 Oct 2013 10:47:45 GMT
theflyonthewall.com – Deutsche Bank removed Newmont from the short-term buy list due to an automatic time demotion.

Freeport Beats Estimates, Profit Down
Tue, 22 Oct 2013 17:02:45 GMT
Zacks – Freeport-McMoRan Copper & Gold Inc. reported earnings of 79 cents per share for third-quarter 2013, a decline of 8.1% from the year ago earnings of 86 cents.

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