GDX: A Bull Call Spread Into September

A $2.5m bullish call spread was placed today on Gold Miners ETF (GDX) at 09:46am PST. The trader purchased 50,000 of September $25 calls and sold the same number of September $27 calls. The spread can potentially generate 308% and turn the $2.5m bet into $7.6m at expiration.

GDX: Time and Sales

GDX: Options Chain

GDX: Weekly Chart

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