Could Market Vectors Junior Gold Miners ETF Gain Strenght? Option Traders Don’t Think So

 Could Market Vectors Junior Gold Miners ETF Gain Strenght? Option Traders Don't Think So

In today’s session Market Vectors Junior Gold Miners ETF (GDXJ) recorded an unusually high (1,510) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious GDXJ decrease. With 1,510 contracts traded and 1394 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: GDXJ161021P00036000 closed last at: $0.8 or 300% up. Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) has risen 43.04% since March 3, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.

Market Vectors Junior Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The ETF has a market cap of $2.87 billion. The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the Company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver. It currently has negative earnings. The Fund will normally invest at least 80% of its total assets in companies that are involved in the gold mining industry.

More notable recent Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) news were published by: Etfdailynews.com which released: “Analyst: Sell Gold Miners Through 2017” on October 06, 2016, also Etfdailynews.com with their article: “These Three Junior Gold Miners are Outperforming the Junior Miners ETF” published on August 09, 2016, Etfdailynews.com published: “Gold Miners’ Struggles Likely to Continue in October” on October 02, 2016. More interesting news about Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) were released by: Etfdailynews.com and their article: “Here’s Why Investors Should Look to Buy Gold Miners on Pullbacks” published on September 01, 2016 as well as Etfdailynews.com‘s news article titled: “Here’s How Junior Gold Miners Could See Another 300% Rally” with publication date: August 16, 2016.

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