China copper smelters eye more output cuts as raw material supply tightens
CRU predicts a shortage of concentrate feed globally in 2025 at 1.1 million metric tons of copper-in-concentrate.
Volatility in Market Vectors Gold Miners ETF (GDX) is at multi-year highs and “never sustains these levels,” providing a unique short sale opportunity for those focused on options trading, according to Michael Purves, Chief Global Strategist and Head of Equity Derivatives Research at Weeden & Co.
“My particular focus is on implied volatility and so the trade that I’ve been recommending is actually to sell volatility on the GDX, which is at multi-year highs right now and it never sustains these levels.”
“If you’ve been following the price actions, even on these bad, ugly days, the implied volatility really barely moves.”
“What the options market is telling you is that we get it, these thing have declined a lot…we get it, we’re getting into this range-bound trading, and that volatility I think sets up a great short sale for those focused on options.”
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Comments
Apple
These types of speculative option trades are just gambling on the market, like gambling on a horse race, except you cannot short a horse.
This type of trading effects the stability of the real market between producers and consumers and should be banned.