| Gold miners draw bullish spread | |
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Traders are betting that the Market Vectors Gold Miners Fund will rally by next spring.
optionMONSTER's Heat Seeker system shows that 2,562 GDX March 13.50 calls were bought for $1.79 while same number of March 19.50 calls were sold for $0.33. These are new positions, as volume was far above open interest in both strikes.
This vertical spread cost a net $1.46 to open and is looking for GDX to rise above $13.50 by expiration in mid-March 2016. The sale of the higher-strike contracts reduces the cost of the long calls but limits potential gains, as the trader will be obligated to sell shares if they rise above $19.50. (See our Education section)
GDX is up 0.9 percent to $13.48 in early trade but has fallen some 27 percent in the last three months. The exchange-traded fund has plummeted with the price of gold but has held support at the $13 level for the last several weeks.
Total option volume is only about half its full-session average for the last month, but overall calls are outnumbering puts by more than 6 to 1 so far.
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Prb Energy Inc.
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CODE : PRB |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Prb Energy est une société développant des projet miniers et de pétrole basée aux Etats-Unis D'Amerique. Prb Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 214,4 millions US$ (188,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 25 avril 2008 à 0,10 US$, et son plus haut niveau récent le 28 juin 2019 à 24,58 US$. Prb Energy possède 8 722 000 actions en circulation. |