Gold: How Bullish Options Traders Are Playing

Interesting food for thought if you are playing Gold. Gold rose almost 10 percent last week. Demand for physical gold is very robust.

Gold has a strong seasonal tendency to rise from January 15 to February 15. This seasonal tendency often stretches all the way to March 15th.

clipped from www.cnbc.com The GLD put-call ratio is very bullish at 0.26, according to OptionMonster's tracking systems, meaning that calls outnumber puts by roughly 4 to 1. The action includes 7,500 GLD calls that just traded at the February 87 strike against open interest of 1,963, with 6,800 of those contracts going off in a single block for $3.10.