Market Overview

Large 3-way Call Spread in GLD

Related GLD
Morocco And The U.S.: Top African Businessman Talks About Bilateral Relationship Under Trump
Trump Cheers The Market's Bull Run, But How Optimistic Are We?
Next Week We Think This Factor Could Be The Driver For Gold (Seeking Alpha)

It looks like someone is taking advantage of today's rise in the SPDR Gold Shares (NYSEArca: GLD) and unwinding a long August 160-175 call spreading 15k times, then using the proceeds to continue a Bullish sentiment with the purchase of 30k September 172 calls. The August spread was sold for $1.00 with the September contracts purchased at $.70. The last time GLD traded above the $172 price level was late February 2012.

Posted-In: News Options Markets Trading Ideas


Related Articles (GLD)

View Comments and Join the Discussion!