thetaOwl
HomeOptionsNEMExpected Move

NEM

Newmont CorporationClose $107.39EOD only
Max Pain
$114.00
Next expiry May 22, 2026
Expected Move
±$3.54
3.3% from close
Price Gap
+6.61
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.77
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects NEM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 20, 2026 close
Expected Move — NEM
Data as of market close May 20, 2026

Nearest expiration 2026-05-22 implies ±3.3% ($103.85–$110.92) around spot. Compare the implied range across expirations to gauge term-structure shifts in uncertainty.

What options structure fits this move profile?

Use ±3.3% to pick a defined-risk setup with explicit trigger and invalidation.

Open Available Reports (4/4)

NEM Expected Move Data

Nearest Expiry
2026-05-22
Expected Move
±3.3%
Expected Range
$103.85–$110.92
Days to Expiry
2
ATM Strike
$107.00
Spot Price
$107.39

Expected Move by Expiration (spot: $107.39)

Move-to-Structure Rationale
Translate implied range into a setup before choosing strikes.

Options are pricing ±3.3% to $103.85-$110.92. Use this as the anchor for structure selection, risk budget, and invalidation width.

Compare directional, theta, and flow lenses using the same move profile.

See structure rationale in the full report

Expected Move by Expiration

ExpirationDTEATM StrikeExpected MoveMove %Lower BoundUpper Bound
2026-05-222$107.00±$3.54±3.3%$103.85$110.92
2026-05-299$107.00±$6.36±5.9%$101.03$113.75
2026-06-0516$107.00±$8.53±7.9%$98.86$115.91
2026-06-1223$107.00±$10.05±9.4%$97.34$117.44
2026-06-1829$105.00±$11.10±10.3%$96.29$118.49
2026-06-2637$107.00±$12.80±11.9%$94.59$120.19
2026-07-1758$105.00±$15.15±14.1%$92.24$122.54
2026-08-2193$105.00±$20.50±19.1%$86.89$127.89
2026-09-18121$105.00±$22.75±21.2%$84.64$130.14
2026-12-18212$105.00±$30.43±28.3%$76.96$137.81
2027-01-15240$105.00±$31.55±29.4%$75.84$138.94
2027-03-19303$105.00±$35.12±32.7%$72.26$142.51

Finished scanning expirations?

Use the report to pick the structure that best matches the move curve and risk profile.

Continue to directional report
NEM expected move by expiration
ExpirationDays to ExpiryATM StrikeExpected MoveMove %Lower BoundUpper Bound
2026-05-2221073.543.29103.85110.92
2026-05-2991076.365.92101.03113.75
2026-06-05161078.537.9498.86115.91
2026-06-122310710.059.3697.34117.44
2026-06-182910511.110.3496.29118.49
2026-06-263710712.811.9294.59120.19
2026-07-175810515.1514.1192.24122.54
2026-08-219310520.519.0986.89127.89
2026-09-1812110522.7521.1884.64130.14
2026-12-1821210530.4328.3376.96137.81
2027-01-1524010531.5529.3875.84138.94
2027-03-1930310535.1232.7172.26142.51
How to Use Expected Move
Read the implied range as a volatility map from the latest published close, not as a price target.
What it represents

Expected move estimates the range options are pricing for each expiration, roughly around a one-standard-deviation move from the current spot level.

How traders use it

It helps frame breakout distance, premium-selling width, and whether a proposed strike sits inside or outside what the market is already pricing.

What to remember

The range is probability framing, not certainty. Stocks can easily finish well inside or well outside the expected move when catalysts hit.

Use expected move with structure, liquidity, and catalyst context before treating a range as actionable.