NEMNewmont Corporation
Options Analysis Report•GOLD AND SILVER ORES
Market Cap $125.8B|NYSE
● 2026-04-17$116.50
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +111.0%YTD +15.1%7D -3.6%
Options Vol
13,629
30D
Implied Move
±16.1%
IV Rank
67%
NEM Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 86.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.04x — IV ≤ HV
Sector Relative≤50%
Sector percentile 80% — above sector median
Term Structure
<1.1xFront/Back 1.37x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 53.6% — normal range
Spread-Adjusted Value
<80%Effective IV 77.6% (ATM 53.6% + spread 12.0% + bias) — fair
Execution Efficiency
<3.0%Total drag 21.02% (spread 12.01% + slippage 9.01%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.75 (vega 2.099 / spread 12.01%) — spread drag
Sentiment
Bullish or bearish?
5.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -10%, Raw: -18%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -10% (neutral) — Raw: -18%
OI Skew Magnitude
≥15%|OI skew| 13.5% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +24.3%, OI skew +13.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 43%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +6%, ATM: -2%, OTM: -24% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 50% — neutral vs sector
Activity
Unusual activity?
2.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 2.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +4.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 25% — below sector avg
Trade Quality
≥30%Large trade volume 4% — mostly retail
Execution Urgency
≥60%Aggressive execution 19% — patient
Flow Conviction
≥30Conviction -10 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 12.0% — wide
Adequate OI
≥10,000OI 541,562 — deep
Active Volume
≥500Volume 13,629/day — active
Reasonable Cost
≤$0.50$0.60 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 80% — much wider than sector
Order Book Depth
≥100 contractsDepth 367.20000000000005 contracts (bid:175.3 ask:191.9) — adequate
Execution Quality
<1.0%Avg slippage 9.01% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +36.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 86% — seller opportunity
Event Detection
≥10pts kinkIV kink 14.9pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.91 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 34 (ITM 20% + inst 4%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV expensive, mixed flow
Long Puts4.3
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.9
bullishIV rich premium, mixed flow
Covered Call5.3
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.