Market Vectors Gold Miners ETF on Focus After Bearish Options Activity

 Market Vectors Gold Miners ETF on Focus After Bearish Options Activity

In today’s session Market Vectors Gold Miners ETF (GDX) recorded an unusually high (1,108) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GDX decrease. With 1,108 contracts traded and 23874 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GDX161118P00024500 closed last at: $0.71 or 2.9% up. Market Vectors Gold Miners ETF (NYSEARCA:GDX) has risen 24.54% since April 5, 2016 and is uptrending. It has outperformed by 22.58% the S&P500.

More notable recent Market Vectors Gold Miners ETF (NYSEARCA:GDX) news were published by: Investorplace.com which released: “Market Vectors Gold Miners ETF (GDX) Is Overbought and Overmined” on November 03, 2016, also Etfdailynews.com with their article: “Things Will Get Worse for Gold Miners Before They Get Better” published on November 05, 2016, Benzinga.com published: “Alan Knuckman’s Market Vectors Gold Miners ETF Trade” on October 15, 2016. More interesting news about Market Vectors Gold Miners ETF (NYSEARCA:GDX) were released by: Etfdailynews.com and their article: “McDonald: Gold Miners Are a “Screaming Buy”” published on October 18, 2016 as well as Etfdailynews.com‘s news article titled: “Gold Miners Forecast for 2017” with publication date: October 24, 2016.

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