as discussed here, the shorts are definitely going for it. Another article about options trades
Shares of Market Vectors Gold Miners ETF (NYSE:GDX) were the target of unusually large options trading activity on Tuesday. Traders bought 24,178 put options on the stock, Analyst Ratings News reports. This is an increase of approximately 105% compared to the typical daily volume of 11,795 put options
http://www.wkrb13.com/markets/51139...rket-vectors-gold-miners-etf-put-options-gdx/
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