NEM Short Strangle Trade: $189 Potential Profit in Few Weeks

Newmont Mining (NEM) is showing above-average volatility with an IV percentile of 82% and an IV rank of 66.15%. A short strangle trade on NEM stock could generate $189 in just a few weeks, with the profit zone ranging between $88.13 and $126.87. The strategy aims to profit from a drop in implied volatility and expects the stock to stay within an expected range. The maximum profit is limited to the premium received, while the maximum potential loss is unlimited.