Shares of Newmont Mining Corp. (NEM) are trading down 1.69 today to 43.90.? NEM hit a one-week low of $43.56 today.
Paper bought a call spread in size.? 10,000 call spreads went up for 2.38 in NEM Jan 2014 45/60 calls.? Scattered call buying is trading on both strikes.? NEM average daily volume is 21,000 contracts. ?Volatility is up 1.1 points in the NEM Jan 2014 calls.? ?Open Interest is over 8,000 contracts on both strikes. The nature of the trade looks to be a call spread buyer.?
30-day implied volatility is 29%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading just over the 10-day historical volatility showing some renewed interest in the stock.?
Newmont Mining Corporation (NEM) is a gold producer.