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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