Is Buying Stock Like iPath Bloomberg Copper Subindex Total Return Sub-Index ETN Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like iPath Bloomberg Copper Subindex Total Return Sub Index ETN Good Idea After Today's Bearish Options Activity?

In today’s session iPath Bloomberg Copper Subindex Total Return Sub-Index ETN (JJC) recorded an unusually high (226) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious JJC decrease. With 226 contracts traded and 1114 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: JJC161216P00027000 closed last at: $0.75 or 87.5% up. It is down 16.06% since April 13, 2016 and is uptrending. It has outperformed by 12.13% the S&P500.

More notable recent iPath Bloomberg Copper Subindex Total Return Sub-Index ETN (NYSEARCA:JJC) news were published by: Etfdailynews.com which released: “Copper Is Having Its Best Week Ever” on November 11, 2016, also Etfdailynews.com with their article: “Copper Could Be Forming A New Bull Market” published on November 03, 2016, Etfdailynews.com published: “Copper’s Big Bullish Breakout Signals More Gains Ahead” on November 10, 2016. More interesting news about iPath Bloomberg Copper Subindex Total Return Sub-Index ETN (NYSEARCA:JJC) were released by: Etfdailynews.com and their article: “Here’s Why Copper Prices Will Rally Soon” published on August 21, 2016 as well as Benzinga.com‘s news article titled: “Goldman Sees Bleak Future For Copper” with publication date: September 23, 2015.

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