Pete Najarian Sees Unusual Options Activity In Market Vectors Gold Miners ETF

On CNBC's Options Action, Pete Najarian spoke about unusually high options volume in Market Vectors Gold Miners ETF GDX. He said that the stock is trading sharply lower, but traders are buying the January 19 calls.

They bought around 25,000 contracts of the January 19 calls in Market Vectors Gold Miners ETF and Najarian thinks the high volume might be a sign of a bottom in gold. He owns call options in the name.