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

July 11, 2014

Total option volume is a bit light at 5 million so far today, with mixed action in the primary indexes and ETFs, according to optionMONSTER data systems.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER