Market Vectors Junior Gold Miners ETF Stock Price Could Go Up After Today’s Bullish Options Activity

 Market Vectors Junior Gold Miners ETF Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Market Vectors Junior Gold Miners ETF (GDXJ) registered an unusually high (1,030) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GDXJ increase. With 1,030 contracts traded and 5214 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GDXJ161118C00046000 closed last at: $0.85 or 41.7% up. Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) has risen 45.57% since March 14, 2016 and is uptrending. It has outperformed by 39.95% 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: “Is Gold Miners’ Correction Nearing an End?” on October 14, 2016, also Etfdailynews.com with their article: “Have Gold Miners Officially Bottomed?” published on October 13, 2016, Etfdailynews.com published: “Analyst: Sell Gold Miners Through 2017” on October 06, 2016. More interesting news about Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) were released by: Etfdailynews.com and their article: “Gold Miners’ Correction May Only Be Just Beginning” published on September 10, 2016 as well as Etfdailynews.com‘s news article titled: “These Three Junior Gold Miners are Outperforming the Junior Miners ETF” with publication date: August 09, 2016.

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