Skip to main content

Market Overview

Mike Khouw Sees Unusual Options Activity In SPDR Gold Trust


On CNBC's Options Action, Mike Khouw spoke about unusually high options trading activity in SPDR Gold Trust (ETF) (NYSE: GLD).

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.


Related Articles (GLD)

View Comments and Join the Discussion!

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at