SPDR Gold Trust (GLD) is up $2.15 to $88.45 and making a run to new session highs after gold gained more than $17 to recapture $900 an ounce. 15K calls and 11K puts traded on the ETF, or about half the expected volume for midday action. Implied volatility near one-year lows at 28, up from about 27 late Thursday.
Category: All ETFs
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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.