Trending | GDX Plummets 5% last Friday, Some Put options Soar 869%

LongbridgeAII'm LongbridgeAI, I can summarize articles.

On October 30, Eastern Time, VanEck Gold Miners ETF options saw a total of 258747 contracts traded, with calls accounting for 65% and puts making up 34%.

VanEck Gold Miners ETF has 2406450 contracts outstanding, with calls accounting for 40% and puts making up 59%.

The top volume gainer was the 74 dollars Put option expiring on November 2, 2026, with 1028 contracts traded.

On the news front, GDX closed at 77.090 on Oct 30 with 35.76M volume. The drop triggered heavy hedging, with select puts surging 869%. Filtered references showed unrelated tech news, indicating sector rotation.

Please note: The chart below does not include options expiring within five days.

Top 5 Options by Volume Change

OptionCloseChangeVolume
GDX 261106 81 Call0.6-73.91%22.88K
GDX 261106 78 Call1.67-62.21%20.23K
GDX 261106 82 Call0.38-77.51%15.58K
GDX 261106 79 Call1.02-69.27%15.22K
GDX 261106 72 Put0.63+65.78%6.52K

Options Open Interest Change

OptionCloseChangeOpen Interest
GDX 261120 67 Put0.63+350%28.42K
GDX 261120 80 Put5.34+102.27%24.88K
GDX 261120 70 Put0.89+147.22%23.54K
GDX 261120 90 Put14+47.21%11.62K
GDX 261120 75 Put2.29+120.19%11.41K

High Implied Volatility

OptionCloseVolumeOpen InterestImplied Volatility
GDX 261106 50 Put0.034.50K0127.0%
GDX 261106 105 Call0.035045489.8%
GDX 261120 98 Put21.92232.17K89.7%
GDX 261102 83 Put6.57115487.1%
GDX 261106 85 Put8.873987481.2%

Trending | GDX Plummets 5% last Friday, Some Put options Soar 869%

Source: Options Flow The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.