Could Market Vectors Gold Miners ETF Change Direction After Today’s Bullish Options Activity?

 Could Market Vectors Gold Miners ETF Change Direction After Today's Bullish Options Activity?

In today’s session Market Vectors Gold Miners ETF (GDX) registered an unusually high (3,255) 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 3,255 contracts traded and 158724 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GDX170120C00027000 closed last at: $0.12 or 40% down. Market Vectors Gold Miners ETF (NYSEARCA:GDX) has declined 8.24% since April 25, 2016 and is downtrending. It has underperformed by 14.25% the S&P500.

More notable recent Market Vectors Gold Miners ETF (NYSEARCA:GDX) news were published by: Etfdailynews.com which released: “Gold Miners Set To Lead Again In 2017” on November 26, 2016, also Investorplace.com with their article: “Market Vectors Gold Miners ETF (GDX) Is Overbought and Overmined” published on November 03, 2016, Etfdailynews.com published: “Gold Miner Technicals Are Signaling a Buy Soon” on November 23, 2016. More interesting news about Market Vectors Gold Miners ETF (NYSEARCA:GDX) were released by: Etfdailynews.com and their article: “As Gold Miners Crash, Is A New Bear Market Forming?” published on November 11, 2016 as well as Etfdailynews.com‘s news article titled: “Things Will Get Worse for Gold Miners Before They Get Better” with publication date: November 05, 2016.

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