Mike Khouw Sees Unusual Options Activity In SPDR Gold Trust

On

, Mike Khouw spoke about unusually high options trading activity in

. He explained that the activity was twice the average daily volume and it was a result of a large institutional bullish bet on SPDR Gold Trust (ETF). Somebody bought around 40,000 contracts of the March 120 call options for $2.25. The breakeven for this trade is at $122.25 or 4.26 percent higher at March expiration. Khouw added that options premiums are up around 50 percent and the last time that happened SPDR Gold Trust (ETF) gained 10 percent.