Alan Knuckman of Bulls-Eye Options suggested on Bloomberg Markets a bullish
options trade in Market Vectors Gold Miners ETF (NYSE: GDX).
He is bullish on gold because it held well on a day when the U.S. dollar traded higher and he wants to buy the January 20 call
for $4.25. The call option is almost $3 in the money and the break even for the trade is at $24.25 or 5.5 percent higher. He thinks
that Market Vectors Gold Miners ETF is going to recover to $28 and if that happens at the January expiration, his trade is going to
make almost 100 percent return.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.