What's up with GDX and GDXJ call options?

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#1 Mon, Aug 15, 2011 - 11:36am
sconcedeleon
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Boston, MA
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What's up with GDX and GDXJ call options?

GDX (up 0.76%) and GDXJ (up 1.2%) are both up today (8/15 at 11:30am), but their call options are down virtually across the board. For example the GDXJ January 40 call is down 10%. The volume is virtually nill and the bid/ask spreads are large. It looks like in most cases the drop in call option price is some retailer selling blocks of 10 at the bid. The options market is completely frozen (puts and calls). Is this just uncertainty in the market? The SPY options seem to behaving somewhat normally. Cheers.

Edited by: sconcedeleon on Nov 8, 2014 - 5:20am