**** Gold News ****
Somebody bought $1.75 million in June 2021 $4000 Gold Futures Contracts at $3.50*100 contracts. ( 5,000 lots of a gold options)
https://www.bloomberg.com/news/videos/2019-11-18/gold-may-rally-above-1-560-hedge-fund-telemetry-s-thornton-says-video
Seems like 9/11 all over again when "Someone" bought up Airline stock options puts to the downside the day before.
What do they know...........Bet GOLD
Keep stacking. Go get you some.
Thanks for following @RollingThunder
Nice find.
Doesn’t mean there planning on holding till 2021 but regardless shows they are betting huge on spike up. Thanks for highlighting it👍
Good stuff
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Enjoy your day eating monster yard bird......I would think even it gold got to a record high around 1900 by spring, this would barely move the 3.50 strike price. The decay would be severe, monthly, drip drip.. Option are like dead fish, the longer you hold em, the more they smell
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Huh I was mistaken then. I assumed the price would move as we go up. Makes it even more interesting
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Price moves the most as it approaches the strike price. You pay premium to buy so far in the futures. Then decays every day......Better to sell the calls at this price and collect those premiums on advance
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Crazy bet!
Interesting
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Happy Thanksgiving @artgirlnyc
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I have absolutely NO doubt that the insiders will know when the lid is coming off gold and silver. The rest of us can only guess....and wait.
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Why pick June 2021, why not an easier call @3000, I think with all this free fiat money floating around, 1.75 million is a drop in the bucket to these banksters. And when you manipulate the market, these options will be in the money by no time.......HaHa
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