What Will Happen to SPDR Gold Trust (ETF) Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to SPDR Gold Trust (ETF) Next? The Stock Just Had Huge Bullish Options Activity

In today’s session SPDR Gold Trust (ETF) (GLD) registered an unusually high (2,204) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious GLD increase. With 2,204 contracts traded and 72094 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: GLD180119C00150000 closed last at: $3.75 or 1.3% down. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has risen 5.72% since April 5, 2016 and is uptrending. It has outperformed by 3.76% the S&P500.

SPDR Gold Trust is an investment trust. The ETF has a market cap of $39.37 billion. The Trust’s business activity is investment in gold. It has a 9.74 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: Investorplace.com which released: “Trade of the Day: SPDR Gold Trust (ETF) (NYSEARCA:GLD)” on November 04, 2016, also Etfdailynews.com with their article: “Gold, Silver To Stay Volatile Through The Election” published on November 06, 2016, Seekingalpha.com published: “Gold Crawls Higher And Then Blasts Off” on November 07, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Seekingalpha.com and their article: “Deutsche warns of big air-pocket in gold” published on November 07, 2016 as well as Etfdailynews.com‘s news article titled: “HSBC: Buy Gold, Regardless Of Who Wins The Election” with publication date: November 02, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment