The Market Vectors Junior Gold Miners ETF (GDXJ) is down .09 to 20.40 today.? GDXJ is trading $1 over its recent lows.

On Friday paper rolled the GDXJ Jan 18.63 calls to the Feb 19 calls for a .10 credit on 8,500 contracts. ??Average contract volume is 12,899 contracts per day in the name.? Open interest is now 21,000 on the Feb 19s.? The roll looks to be a continuing bullish trade with the Feb calls trading .04 off of the offer.

30-day implied volatility is 32%.?? 10-day implied volatility is 18%.? 30-day implied volatility is trading over the 10 day historical volatility.?

The Market Vectors Junior Gold Miners ETF (GDXJ) tracks an index of smaller gold producers.