VanEck Gold Miners ETF
Short
Updated

Jun 21 - GDX - Bear Call Spread

108
GDX 21-Jun-19
IV30: 22.1, IVR: 41%, ATMIV: 22.9
+0.31D Long 1 Call: 22 Strike @ $0.35
-0.51D Short 1 Call: 21 Strike @ $0.72
-0.20D Credit: $0.37
PCR: 43:57
Comments:
GDX is starting to sell off (RSI<30) on weekly chart. Expecting price to stay below 21 for atleast next 2 weeks.
Trade closed manually
GDX 21-Jun-19
30-Day IV: 22.9
IV Pct Rank: 50% Moderate
Long 1 Call: 22 Strike @ $0.19
Short 1 Call: 21 Strike @ $0.45
Credit: $0.27
P/L: +0.10
Comments: Closed because of market uncertainity. No longer bearish. Looking for Iron Condor opportunities as GDX is consolidating. It's having trouble pushing down the low of the week.

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