Learn the trade here. Make it on tradeMONSTER

Options Trading News

December 24, 2013  Tue 11:37 AM CT

GDX: SEE CHART GET CHAIN FIND STRATEGIES
A big call spread is looking for a rebound off six-year lows for the Market Vectors Gold Miners Fund.

optionMONSTER systems show that a trader bought 6,000 February 22 calls for $0.66 and sold the same number of February 25 calls for $0.16, below the listed bid price at the time. Volume was above previous open interest at both strikes, so this is new positioning.

The trader paid $0.50, which is the maximum risk in the trade. He or she stands to make $2.50 if the GDX is above $25 at expiration.

The GDX is up 2.53 percent today to a session high of $20.91. The exchange-traded fund fell to $20.24 yesterday, its lowest price since November 2008.
Share this article with your friends


Related Stories

GDX

Midday index, ETF option volumes

November 18, 2014

Total option volume is strong so far today at 6.1 million, with energy and gold miners joining the top-volume list, according to optionMONSTER data systems.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER