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Options trade near 420 strike in GLD draws attention
The large sale involved nearly 116,000 420-strike calls in the SPDR Gold Shares ETF, with expiry set for Sep. 18, about 20 minutes after the market opened Monday.
CNBC Markets reports that options activity in gold intensified after a large trade appeared in the SPDR Gold Shares ETF, GLD, shortly after trading began Monday.
About 20 minutes after the market opened, a trader sold almost 116,000 420-strike calls in GLD that are set to expire on Sep. 18.
The reported volume stands out as a sizable position in a single strike and expiry window, drawing attention from market participants tracking options flow.
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