SPDR Gold Shares (GLD) Put Trading Picks Up Today

The ETF is pacing for a sixth straight positive quarter

Feb 10, 2020 at 11:46 AM
facebook twitter linkedin


Gold-tracking exchange-traded fund (ETF) SPDR Gold Shares (GLD) is trading up 0.2% today at $148.15, as the coronavirus concerns push some investors to gold. In the meantime, options trading has picked up, with puts trading at six times the expected pace today.

The most popular contracts by far are the April 135 and 140 puts, where more than 156,000 contracts collectively have traded. New positions are opening, and anyone buying the puts would be betting on a move lower from GLD in the coming months.

Coming into today it was call buying that was the popular strategy around the security. The 10-day call/put volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is 2.27, a number that ranks in the bullish 95th annual percentile.

More broadly, GLD is up 19% in the past 12 months, and hasn't traded below its 50-day moving average since December. Overall, the ETF is pacing for a sixth straight positive quarter.

GLD quarterly chart

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners