Pete Najarian Is Bullish On Market Vectors Gold Miners ETF

On

, Pete Najarian revealed that he bought call options in

on Thursday. He is planning to hold that position for at least a couple of months. Najarian noticed a big options trade in the June call options and decided to follow it. He explained that somebody bought the June 15/20 call spread and paid $1. The trader thinks that

is going to trade above $16 and close to $20 at the June expiration.