Trade of the Week: Gold Miners

ETFs, Gold & Silver, Trade of the Week
by Jay Soloff
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With all the global uncertainty in the financial markets these days, gold has been a popular investment.  One way to gain gold exposure  is by using VanEck Gold Miners ETF (GDX).  Gold miners are expected to thrive with gold trading around $1,900 per ounce. One trader sold a large block of puts last week in GDX, apparently expecting its price to at least hold steady in the coming weeks. 

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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