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Newmont Mining Corp (NEM) — wheel strategy suitability
Where NEM sits as an underlying for selling cash-secured puts and covered calls, and what its own price history says about the risk of being assigned into a falling stock. Snapshot of 3 October 2026.
Newmont Mining Corp (NEM) scores 76 on the Wheel score, which puts it in the preferred band for selling cash-secured puts and covered calls.
The score is carried by its quality (86/100) and held back by valuation (55/100). Growth is deliberately excluded from this score: fast growers tend to carry high implied volatility and gap risk, which is the opposite of what a wheel seller wants. It is not cheap, so assignment would leave you holding a fully priced stock.
It has weekly options, so no liquidity haircut is applied — weeklies let you roll on a shorter cycle and take theta more often.
Earnings are roughly 19 days out — fine for a short-dated contract that expires first, tight for a monthly.
Over the last 3.0 years it had 2 days with a fall of 10% or more (0.67 a year), a deepest drawdown of -36.6%, and a worst single session of -14.7%. That is in line with the median screened name (0.67 gap-downs a year, -44.9% typical worst drawdown).
Realised volatility runs about 42% annualised. That sits in the range where premium is worth collecting without the stock being wild.
Entry timing currently reads as a dip within an uptrend — historically the better half of the cycle to sell puts into.
Score breakdown
| Wheel score | 76 | 0–100 suitability for options selling |
|---|---|---|
| Quality | 86 | ROIC, margins, leverage, accruals |
| Valuation | 55 | cheaper on fwd P/E, EV/EBITDA, FCF yield |
| Margin stability | — | steadier earnings score higher |
| Options listed | Weekly | weekly avoids the liquidity haircut |
| Accounting flags | 0 | −8 points each |
Realised tail risk
Computed from our own daily price history, 2023-10-04 to 2026-10-01 (749 sessions). The Wheel score is built from fundamentals, so these price-derived numbers are an independent check on it, not a restatement of it.
| Days falling 10%+ in one session | 2 | 0.67 a year |
|---|---|---|
| Deepest drawdown | -36.6% | peak to trough |
| Worst single session | -14.7% | |
| Realised volatility | 42% | annualised |
Fundamentals
| Revenue (ttm) | 22,669M USD |
|---|---|
| Revenue CAGR (3y) | 23.9% |
| Net margin | 31.3% |
| Return on equity | 20.9% |
| Share price | $114.67 |
| Days to earnings | 19 |
| Sector / industry | Basic Materials · Gold |
Open the NEM options chain on Yahoo Finance to check live strikes and premium — this page deliberately carries no quotes, because a quote baked into a static page is stale before you read it.
Run the numbers on NEM
Pre-filled with the snapshot price of $114.67 and 30-day realised volatility; add the strike and premium from the live option chain.