Is SPDR Gold Trust (ETF)’s Fuel For Real? The Stock Was Bought By Option Traders

 Is SPDR Gold Trust (ETF)'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session SPDR Gold Trust (ETF) (GLD) registered an unusually high (8,267) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious GLD increase. With 8,267 contracts traded and 43684 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GLD161021C00123000 closed last at: $0.69 or 75.4% down. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has risen 0.04% since March 3, 2016 and is uptrending. It has underperformed by 8.30% the S&P500.

SPDR Gold Trust is an investment trust. The ETF has a market cap of $38.11 billion. The Trust’s business activity is investment in gold. It has a 9.52 P/E ratio. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations.

GLD Company Profile

SPDR Gold Trust (the Trust), incorporated on November 12, 2004, is an investment trust. The Trust’s business activity is investment in gold. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Trust creates and redeems Shares from time to time, but in over one Basket (a Basket equals a block of approximately 100,000 Shares). The Trust issues baskets of Shares or Baskets, in exchange for deposits of gold, and distributes gold in connection with the redemption of Baskets. The Shares are designed to provide investors with a way to invest in gold. The creation and redemption of Baskets is made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which would be based on the combined net asset value of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is received.

More notable recent SPDR Gold Trust (ETF) (NYSEARCA:GLD) news were published by: Etfdailynews.com which released: “Here’s Why Gold Could Drop Below $1000 in 2017” on October 04, 2016, also Etfdailynews.com with their article: “Should Investors Buy Gold’s Recent Dip?” published on October 06, 2016, Marketwatch.com published: “Todd Gordon’s SPDR Gold Trust ETF Trade” on September 26, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Seekingalpha.com and their article: “Gold And Silver: Time To Hedge?” published on October 05, 2016 as well as Seekingalpha.com‘s news article titled: “Gold: Is The Bull Market Over? (Podcast)” with publication date: October 06, 2016.

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