Is Market Vectors Gold Miners ETF’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Market Vectors Gold Miners ETF's Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Market Vectors Gold Miners ETF (GDX) registered an unusually high (488) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GDX increase. With 488 contracts traded and 212884 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GDX170120C00031000 closed last at: $0.32 or 10.3% up. Market Vectors Gold Miners ETF (NYSEARCA:GDX) has risen 20.24% since March 14, 2016 and is uptrending. It has outperformed by 14.63% the S&P500.

More notable recent Market Vectors Gold Miners ETF (NYSEARCA:GDX) news were published by: Benzinga.com which released: “Alan Knuckman’s Market Vectors Gold Miners ETF Trade” on October 15, 2016, also Etfdailynews.com with their article: “Is Gold Miners’ Correction Nearing an End?” published on October 14, 2016, Etfdailynews.com published: “More Selling Ahead for Gold Miners?” on October 05, 2016. More interesting news about Market Vectors Gold Miners ETF (NYSEARCA:GDX) were released by: Etfdailynews.com and their article: “Gold Miners Correction Continues, Despite Dovish Fed” published on September 23, 2016 as well as Etfdailynews.com‘s news article titled: “Oversold Gold Mining Index Presents Buying Opportunity” with publication date: September 28, 2016.

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