Gold Fields (GFI) options saw action throughout the trading session today, with traders leaning heavily on the bearish side of the trade after gold settled down $33.50 to $888 an ounce. Silver lost 42 cents to $16.89. GFI gave up 26 cents to $13.57 and more than 45,000 GFI puts have traded, compared to 10,000 call options. The April 12.5 puts saw the most volume (34,000 contracts) and sentiment is 84 percent bearish.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.