the article is about big people with lots of money who like to buy and sell things called "options" related to a company named Newmont. These big people are called "whales" because they can make a really big splash in the market when they decide to buy or sell a lot. The article tells us that these whales have been buying and selling options related to Newmont in a way that suggests they think the price of Newmont's stock will be in a certain range. It also tells us a bit about what Newmont is and what the experts think about it. Read from source...

Check Out What Whales Are Doing With NEM: Despite whales showing bullish stance on Newmont, it appears the focus has been on a relatively narrow price range. This indicates potential caution and restraint from these big money investors. It would be interesting to see if these whales also target similar price ranges for other major mining companies. Furthermore, while the article presents various analysts' ratings on Newmont, it would be useful to also include more diverse perspectives to ensure balance.

Bullish

Reason: The article discusses whales' bullish stance on Newmont (NEM) and predicts a price range from $35.0 to $60.0 for NEM over the last 3 months. Additionally, 50% of investors opened trades with bullish expectations, and the accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NEM. The article also explores the market standing of NEM, its anticipated earnings release, and what analysts are saying about it.

According to the Benzinga article titled "Check Out What Whales Are Doing With NEM", whales with a significant amount of money to invest have shown a bullish stance on Newmont NEM. Based on options history, 50% of investors opened trades with bullish expectations and 25% with bearish expectations. The detected trades involved a total amount of $699,391, with 3 puts and 5 calls. Taking into consideration the volume and open interest on these contracts, it seems that whales have been targeting a price range from $35.0 to $60.0 for Newmont over the last 3 months. Newmont is the world's largest gold miner and has interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to produce approximately 6.9 million ounces of gold in 2024. However, after purchasing Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines that account for 20% of forecast sales in 2024. It's essential to note the risks associated with options trading, which include higher risks and potential rewards. Traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.