Materials

Newmont Corp (NEM) options and signal

Figures as of 28 Sep 2026

NEM is Newmont Corp, a Materials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	98 of 100	28 Sep
At the money IV	53.1%	28 Sep
Priced move to 30 Oct	13.4% down, 15.3% up	28 Sep
Call wall and put wall	125 and 115	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	116.05	28 Sep
Next report	22 Oct 2026	28 Sep

Options Snapshot

NEM's IV rank is 98 of 100 on 28 Sep 2026.

Figure	Value
IV rank	98 of 100
At the money IV	53.1%, near month, 32 days
Put/call ratio, open interest	0.78
Call open interest, strikes captured near the price	178,000 contracts
Put open interest, strikes captured near the price	138,000 contracts
Cost to trade at the money	Fair, 27.6% of the option's mid price

IV rank is where the at the money IV sits among NEM's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, NEM options priced a move of 13.4 percent down and 15.3 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.2%	4.7%	110.00 to 121.50
9 Oct 2026	11	7.0%	7.3%	107.95 to 124.51
23 Oct 2026	25	11.8%	12.8%	102.35 to 130.95
30 Oct 2026	32	13.4%	15.3%	100.55 to 133.75
20 Nov 2026	53	15.8%	17.3%	97.75 to 136.15
18 Dec 2026	81	19.4%	21.3%	93.55 to 140.75
19 Mar 2027	172	28.4%	33.3%	83.05 to 154.65

The range is one standard deviation either side of the close of 116.05, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, NEM's call wall is the 125 strike and its put wall is the 115 strike.

Figure	Value
Call wall, most open call gamma	125
Put wall, most open put gamma	115
Net dollar gamma, calls minus puts	minus $3.52 million
Total dollar gamma, both sides	$51.39 million
Close	116.05

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 3 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, NEM's at the money IV is 53.1 percent against 20 day realized volatility of 36.3 percent.

Figure	Value
At the money IV	53.1%
Realized volatility, 20 trading days	36.3%
Realized volatility, 60 trading days	44.2%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	37.3% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, NEM's at the money IV runs from 46.0 percent at 4 days to 45.0 percent at 172 days.

Days to expiry	At the money IV
4	46.0%
11	43.2%
18	43.4%
25	48.4%
39	55.8%
53	44.3%
81	44.4%
172	45.0%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, NEM's IV ten percent below the price sits 8.7 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	44.4%	-8.7 points
At the money	53.1%	0.0 points
10% above the price	47.5%	-5.7 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, NEM's surface spans 10 expiries out to 172 days, with IV from 40.0 to 56.0 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	108
Lowest IV among them	40.0%
Highest IV among them	56.0%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, NEM has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	46.0%	5,545	3,165
9 Oct 2026	11	43.2%	1,966	599
16 Oct 2026	18	43.4%	34,977	35,237
23 Oct 2026	25	48.4%	2,063	1,154
30 Oct 2026	32	53.1%	1,082	476
6 Nov 2026	39	55.8%	40	3
20 Nov 2026	53	44.3%	12,590	6,369
18 Dec 2026	81	44.4%	32,550	33,891
15 Jan 2027	109	43.5%	74,532	46,346
19 Mar 2027	172	45.0%	12,666	10,906

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, NEM's largest open interest sits at the 140 strike, with 23,946 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
140	22,977	969	23,946
105	2,022	21,715	23,737
115	5,145	16,936	22,081
110	7,136	12,081	19,217
65	17,470	1,147	18,617
125	10,361	7,414	17,775

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, NEM's at the money IV moved from 45.7 percent to 53.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	45.7%	53.1%	+7.4 points
Open interest, strikes captured near the price	292,986	316,157	+23,171
Put/call ratio, open interest	0.84	0.78	-0.06

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 24,094 NEM option contracts traded, 1.2 times its own recent average.

Figure	Value
Calls traded	14,174
Puts traded	9,920
Against its recent average	1.2 times
Busier than	8 of its last 20 trading days
Open interest, whole chain	407,578 contracts
Volume to open interest	0.06
Unusual volume flag	Yes, 3 contracts traded well above open interest
Largest flagged contract	The 125 call expiring 2 Oct, 2,285 traded against 377 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of NEM's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	117.21	$28.01 million	115	110
21 Sep 2026	123.05	$1.55 million	140	115
28 Sep 2026	116.05	minus $3.52 million	125	115

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of NEM was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	120.00, the swing high of 16 Sep 2026
Level below the close	88.75, the swing low of 17 Jul 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 NEM sat at the 21st percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	91 of 100	Bullish
20 trading days	86 of 100	Bullish
45 trading days	21 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 NEM's near timeframes were bullish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	2 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 NEM had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	21 of 100
24 Sep 2026	None	20 of 100
23 Sep 2026	None	11 of 100
22 Sep 2026	None	12 of 100
21 Sep 2026	None	11 of 100
18 Sep 2026	None	15 of 100
17 Sep 2026	None	12 of 100
16 Sep 2026	None	10 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 35 of 62 Materials names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Materials	62	35	11	16

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

NEM closed at 116.05 on 28 Sep 2026.

Figure	Value
Last close	116.05
Change over 5 trading days	-5.7%
Change over 21 trading days	-12.3%
Change over 63 trading days	+22.8%
Change over 252 trading days	+38.7%
52 week high	135.29
52 week low	76.05
20 day moving average	124.53
50 day moving average	116.03
200 day moving average	111.15
RSI, 14 days	41

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

NEM reports next on 22 Oct 2026, and options priced an earnings move of 9.7 percent through 23 Oct 2026.

Figure	Value
Next report	22 Oct 2026, after the close
Date	Confirmed by the company
Priced earnings move	9.7%, a straddle of $11.20 at the 116 strike, expiring 23 Oct 2026
Move after the report of 24 Apr 2026	-3.8%
Move after the report of 22 Jan 2026	+2.1%
Move after the report of 23 Apr 2025	+4.8%
Move after the report of 20 Feb 2025	-5.7%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 30.8 percent of NEM's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	30.8%
Five day average	29.9%
52 week median	45.5%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, NEM's average change was minus 1.0 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.0%	-0.4%	47.8%	23
October	-1.2%	-1.0%	43.5%	23
November	+2.2%	+1.7%	52.2%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming NEM in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is NEM's IV rank?: NEM's IV rank is 98 of 100 on 28 Sep 2026.
What move are NEM options pricing?: On 28 Sep 2026, NEM options priced a move of 13.4 percent down and 15.3 percent up by 30 Oct 2026.
Where are NEM's call wall and put wall?: On 28 Sep 2026, NEM's call wall is the 125 strike and its put wall is the 115 strike.
What was the desk's latest view of NEM on the Free plan?: On 25 Sep 2026 the desk's view of NEM was neutral, paper trading.
When does NEM report earnings next?: NEM reports next on 22 Oct 2026, and options priced an earnings move of 9.7 percent through 23 Oct 2026.

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