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.