Unusual Gold LEAPS Option Alerts (GLD)

Posted in Options 
November 30th, 2010

Gold is at a crossroads and the options trading is showing some unusual activity out in the long-dated LEAPS for the SPDR Gold Shares. The JAN-2012 $150.00 GLD CALLS have traded 7,479 contracts today versus an open interest of 27,030 contracts.  Last trade was $9.55.  If you go out farther in the LEAPS, the JAN-2013 trades are as follows:

  • $150.00 CALL 3,056 contracts traded versus an open interest of 4,325, last trade $17.55.
  • $160.00 CALL 1,010 contracts traded versus an open interest of 4,220, last trade $15.05.

We gave a fundamental and technical review at 247wallst.com and our affiliate at INO has a technical analysis showing that some key levels may have been reached.

JON C. OGG
1:20 PM EST

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