Options buyers are betting on bullish gold miners.
Gold miners (GDX) call options with expiry in two days are going off the charts. Normally short expiry call options have little interest since there is little time value left…
… Unless the option goes into money. Ie. The share price goes above the strike price. Options buyers could stand to make 800% returns in 48 hours.
For anyone who knows how to read option tables… Look at the middle column which is the strike price of the option. Refer to $30 and $31 strike prices. Open interest at 13000+ and 20000+ Option cost is 10 cents.
Too technical for you? Never mind just buy some gold.