A very large call spread options trade in VanEck Gold Miners ETF (GDX) could suggest that gold prices are going to be much higher in the next six months.
Several short-term options block trades suggest that the stock could be in for more punishment in the near future.
With rates the highest they’ve been in years, one big money trader sold a block of June puts in ProShares Ultrashort 20+ Year Treasury Bond ETF (TBT).
This trade doesn’t expire until June 2023.
Conservative traders can target a great buying opportunity on any pullback into the mid-$20’s, but aggressive traders can target the July $30 call options. If shares can trade to the $32 level by mid-July, these options would double from current levels.
A return like this makes this bond fund far more interesting.