Is SPDR Gold Trust (ETF) a Buy? The Stock Had Bullish Options Activity Today

 Is SPDR Gold Trust (ETF) a Buy? The Stock Had Bullish Options Activity Today

In today’s session SPDR Gold Trust (ETF) (GLD) registered an unusually high (3,016) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GLD increase. With 3,016 contracts traded and 1024 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GLD161216C00119500 closed last at: $0.21 or 47.5% down. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has declined 4.75% since April 25, 2016 and is downtrending. It has underperformed by 10.77% the S&P500.

SPDR Gold Trust is an investment trust. The ETF has a market cap of $34.33 billion. The Trust’s business activity is investment in gold. It has a 9.02 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: “Believe It Or Not, Gold Is Still In A Bull Market” on November 27, 2016, also Etfdailynews.com with their article: “Analyst: Gold Will Likely Plunge To $1050 Per Ounce” published on November 28, 2016, Schaeffersresearch.com published: “Option Bulls Won’t Give Up on Struggling SPDR Gold Trust ETF (GLD)” on November 23, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Investorplace.com and their article: “Trade of the Day: SPDR Gold Trust (ETF) (NYSEARCA:GLD)” published on November 04, 2016 as well as Seekingalpha.com‘s news article titled: “Precious Metals – Where Is The Bottom?” with publication date: November 28, 2016.

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