Just discovered that the options market is showing extreme bets, with a big wager that gold will soar to sky-high levels within the year—$15,000 Comex data shows that call spread contracts with expiration in December and strike prices between $15,000 and $20,000 have accumulated to about 11,000 contracts. Keep in mind, gold is currently only around $5,000, which means there is capital betting that the gold price will nearly double by the end of the year.
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Are the gold bulls secure?
Just discovered that the options market is showing extreme bets, with a big wager that gold will soar to sky-high levels within the year—$15,000
Comex data shows that call spread contracts with expiration in December and strike prices between $15,000 and $20,000 have accumulated to about 11,000 contracts. Keep in mind, gold is currently only around $5,000, which means there is capital betting that the gold price will nearly double by the end of the year.