SPDR Gold Trust (GLD) $86.81 -1.51%
The SPDR Gold Trust (GLD) is seeing three times its normal trading volume on what appears to be predominantly call selling. 140,000 GLD calls have traded, compared to 26,000 puts. The top two trades include an order of 20,000 September 95 calls traded bidside for 75 cents a contract and an order of 10,000 September 90 calls for $1.75. The fund is down $1.40 to $86.74 as gold continues its meltdown. After starting the week near $915 an ounce, the precious metal has fallen to $888, down roughly $20 during today’s trading session.
Category: All ETFs
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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.
