In today’s session Market Vectors Gold Miners ETF (GDX) recorded an unusually high (4,398) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious GDX decrease. With 4,398 contracts traded and 151534 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: GDX161216P00024000 closed last at: $0.92 or 1.1% up. The ETF decreased 9.86% or $2.56 during the last trading session, hitting $23.4. Market Vectors Gold Miners ETF (NYSEARCA:GDX) has risen 39.80% since March 1, 2016 and is uptrending. It has outperformed by 30.55% the S&P500.
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