15000 GDX Jul 23/24 put spreads went up in two blocks on the CBOE marked spread.?
Shares of Market Vectors Gold Miners (GDX) Aare up .24 to 23.80. GDX is in the higher end of the 52 week range.
- Paper traded 15000 GDX Jul 23/24 put spreads for .52.
- ?The ADV is 118k contracts.? ?
- The open interest is 6138 and 51933 contracts.?
The volume went up in two blocks on the CBOE marked spread.? Over 50000 put spreads traded in large blocks for about the same price.? The traded looked like they owed the 24 puts and closed them from an earlier roll and is moving down to the 23 puts.? The trade is either a hedge or bearish roll in GDX and they are taking profits from a May 6 trade.
- IV 30 is trading for 52%.?
- HV10 is trading for 68%.?
- IV 30 is below the HV 10.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index.