Trade of the Week: GDJX

Commodities Investing, ETFs, Gold & Silver

There has been plenty of options activity in commodity ETFs over the last few weeks.  Precious metals have certainly gotten a lot of attention from traders as they tend to be defensive investments during times of uncertainty.  With gold reaching over $2,000 an ounce, gold miners are also seeing a lot of bullish action.  Recently, there were 10,000 out-of-the-money calls purchased in VanEck Junior Gold Miners ETF (GDXJ), which don’t expire until January of 2023.  The trade looks extremely bullish.