Newmont NEM Stock & Option Trade Ideas

NEM is currently showing a bullish trend based on the technical data:

• MACD (Moving Average Convergence Divergence) is above the Signal Line, indicating a bullish signal.
• RSI (Relative Strength Index) is fluctuating but still within bullish levels.
• Bollinger Bands are expanding, which can indicate an upcoming increase in volatility.

Based on this analysis, here are potential stock and option trading strategies for NEM:

• Stock Trade: Consider buying NEM stock at the current price of $41.94 with a target price of $45.00. Set a stop-loss at $40.00 to manage risk.
• Option Trade: Buy a call option with a strike price of $42.50 and an expiration date of one month out. This option will allow you to benefit from any further upside movement in NEM while limiting your risk to the premium paid for the option.