Insights on Options Trading Activity for Market Vectors Junior Gold Miners ETF (GDXJ)

Posted on 01/04/2013 by Rich Singler

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NEW YORK (AVAFIN) -- Market Vectors Junior Gold Miners ETF options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 4,123 and calls was 77,280 equating to a 0.05 put/call ratio.

Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low put/call ratio implies that investor sentiment is bullish based on the large amount of call options.

Shares of Market Vectors Junior Gold Miners ETF edged up $0.22 (+1.11%) to $20.11. The price of the stock ranged between a low of $19.50 and $20.17 respectively. The trading volume of 4M is above the 90 day average volume of 2M shares. GDXJ is trading below the 50 day moving average. The stock's 52 week low is $17.37 and 52 week high is $30.55. To date, the stock has lost -16.71% within the last quarter.

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