Aggressive’ Bearish Options Activity Seen in Market Vectors Gold Miners ETF

In today’s session Market Vectors Gold Miners ETF (GDX) recorded an unusually high (2,020) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious GDX decrease. With 2,020 contracts traded and 1944 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: GDX180119P00017000 closed last at: $3.05 or 0% . The ETF decreased 1.24% or $0.25 on March 31, hitting $19.98. It is down 46.09% since August 25, 2015 and is uptrending. It has outperformed by 35.80% the S&P500.

Aggressive' Bearish Options Activity Seen in Market Vectors Gold Miners ETF

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