LEADER IN THE PRECIOUS METALS MARKET SINCE 2002

TO SPEAK WITH CUSTOMER SERVICE 302-256-5080

Tag: long gold

Enormous Bullish Gold Bet Was Just Made With Call Options

By Brian Spurlock Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust (ETF) (NYSEARCA:GLD) gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited[...]