The company was going to beat and just did, all upside from here. Newmont is on the SP500 index and big ETFs. VOO, VTI, SPY, VO, IVV, RSP, IWO, and obviously GDX.
When the call options start coming in, this company will see a big upside with the gamma on the holdings. As the market cap increases, all of the above-held ETFs will reweight to hold more when the MMs offload as the options expire.
When the call options start coming in, this company will see a big upside with the gamma on the holdings. As the market cap increases, all of the above-held ETFs will reweight to hold more when the MMs offload as the options expire.