Are you trading options on Vaneck Gold Miners ETF Units FP (ASX:GDX)? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Brash tech CEO hides his company under a secret trading name.

Yes, you read that right – nearly a 50% decline in a “safety” macro ETF in a matter of three weeks.

Precious Metals 100.00%. Why Is This Insanely Profitable Stock Trading Under a Secret Name?? In the daily bar chart of GDX, below, we can see that the shares made a "V" bottom in March and have subsequently rallied to new highs.

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View GDX option chain data and pricing information for given maturity periods.

Per the table above, we had Schaeffer's Senior Quantitative Analyst Rocky White break down how GDX performs after its 10 biggest single-day declines since 2006.

In-the-money.

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Explore GDX for FREE on ETFdb.com: Price, Holdings, Charts, Technicals, Fact Sheet, News, and more. 100.00%.

A retreat to the $22-$23 area would be good place to get long, with this current thesis. You can also look at numerous timeframes from 10 minute bars to charts that depict the last 30 years of price action. View our full suite of financial calendars and market data tables, all for free.Receive a free world-class investing education from MarketBeat. The best of the market in a Schaeffer's 5-minute weekly read.Historically, gold and mining names have been considered safe havens for market participants, but the recent waterfall selloff in equities took no prisoners. Historically, the $20 level has been a key pivot point for GDX, so a break back below there would signal that it’s time to exit the position and take your loss.









Higher government spending and stimulus generally equates to higher prices in metals, and conversely a lower U.S. Dollar. At Stock Options Channel, our YieldBoost formula has looked up and down the GDX options chain for the new September 25th contracts and identified one put and one call contract of particular interest.



ETF.com Implied Liquidity 5. CBOE options on GLD offer another liquid alternative, with active participation keeping spreads at low levels. Nobody knows for sure, but the action on Friday sure felt like a large fund getting blown out of its position and panic selling to preserve capital.

While gold remains near positive territory for 2020, miners weren’t spared, shedding about 16% of their value so far this year. All rights reserved. Please log in to your account or sign up in order to add this asset to your watchlist. As you can see, two weeks after a sharp decline, GDX averaged a gain of 3.2%.



The “cherry on top” for currently owning miners is low oil and fuel prices. However, given the macro tailwinds and current market environment, this 10-15% risk is met with potential future upside of many multiples of that.