Noteworthy Tuesday Option Activity: NEM, DELL, NTRS

Newmont Corp (NEM) saw 81,411 contracts traded, Dell Technologies Inc (DELL) saw 31,476 contracts traded, and Northern Trust Corp (NTRS) saw 16,377 contracts traded. Notable options activity included the $60 strike call option for NEM, the $134 strike call option for DELL, and the $130 strike call option for NTRS.

In the latest trading session, significant options activity was observed in Newmont Corp (NEM), Dell Technologies Inc (DELL), and Northern Trust Corp (NTRS). This activity reflects investor interest and market sentiment towards these companies.

Newmont Corp (NEM) saw 81,411 contracts traded, with notable activity in the $60 strike call option. The company's shares plunged following the resignation of its chief financial officer, Karyn Ovelmen, marking the biggest drop since April [1]. The resignation, which was announced after the market closed on Monday, has led to uncertainty about the company's financial future. Peter Wexler, the chief legal officer, will serve as interim CFO until a permanent successor is hired.

Dell Technologies Inc (DELL) saw 31,476 contracts traded, with the $134 strike call option being particularly active. The company's shares have seen a robust increase of 9.84% over the last month, surpassing the Computer and Technology sector's gain of 5.6% and the S&P 500's gain of 3.85% [2]. Analysts and investors are closely monitoring the company's upcoming earnings disclosure, which is set to go public on August 28, 2025. The company is expected to report earnings per share (EPS) of $2.28, up 20.63% from the prior-year quarter, and revenue of $29.14 billion, reflecting a 16.45% rise from the equivalent quarter last year.

Northern Trust Corp (NTRS) saw 16,377 contracts traded, with the $130 strike call option being notable. The company announced a collaboration with Swift to explore how tokenized assets such as carbon credits can be transacted using a commercial bank account in Australia [3]. This initiative, part of Project Acacia, aims to demonstrate how digital asset innovation can connect seamlessly with core components of the financial system. The project will simulate a delivery-versus-payment (DvP) settlement between a tokenized, digital carbon credit and fiat currency, using Swift's infrastructure to coordinate between the asset and payment layers.

References:
[1] https://news.bloomberglaw.com/esg/newmont-shares-plunge-almost-9-following-cfos-departure
[2] https://www.nasdaq.com/articles/dell-technologies-dell-laps-stock-market-heres-why
[3] https://www.marketscreener.com/quote/stock/NORTHERN-TRUST-CORPORATIO-40311094/news/Northern-Trust-Advances-Tokenized-Finance-Innovation-in-Australia-Through-Project-Acacia-50508510/