Trade of the Week: Vaneck Vectors Gold Miners ETF Could Move Over 15% Up Or Down by 2020

Gold & Silver, Options, Videos

Gold prices could be set to move at least 15% in either direction by the start of next year. A trader purchased over 1,000 GDX straddles which is an options strategy used to bet on movement in an underlying asset without trying to guess direction. This particular straddle suggests a big move could be coming in either direction for big gold miner stocks, which closely track the price of gold.

Check out my video below to see how to set up this trade for yourself.

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