Is Buying Stock Like SPDR Gold Trust (ETF) Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like SPDR Gold Trust (ETF) Good Idea After Today's Bullish Options Activity?

In today’s session SPDR Gold Trust (ETF) (GLD) registered an unusually high (444) 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 444 contracts traded and 12624 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GLD161021C00122500 closed last at: $0.25 or 19% up. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has risen 1.26% since March 14, 2016 and is uptrending. It has underperformed by 4.35% the S&P500.

SPDR Gold Trust is an investment trust. The ETF has a market cap of $38.45 billion. The Trust’s business activity is investment in gold. It has a 9.54 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: “Time to Buy Gold as Inflation Rises?” on October 17, 2016, also Etfdailynews.com with their article: “Speculators Dropping Out Means Gold Rebound Getting Near” published on October 16, 2016, Marketwatch.com published: “David Bartosiak’s SPDR Gold Trust ETF Trade” on October 05, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Etfdailynews.com and their article: “Gold is Simply Taking a Healthy Test of Recent Lows” published on October 15, 2016 as well as Investorplace.com‘s news article titled: “SPDR Gold Trust (ETF) (GLD) Is a Better Buy Than Stocks” with publication date: September 23, 2016.

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