Shares of the SPDR Gold Trust (GLD) are trading down .61 to 160.54. GLD is trading $2.00 near the bottom of its recent range.
Late Thursday, paper traded a large ratio call spread in the GLD Jan 165/170 strikes.? The size was 8,000 over 12,000 for .72 and .17 respectively. Average contract volume is over 211,000 contracts per day in the name.? Open interest is very heavy on both strikes.? The implied volatility is down .2 points today. The Jan 170 calls went up as sold suggesting the trader was buying the spread.
30-day implied volatility is 12.6%.?? 10-day implied volatility is 10.4%.? 30-day implied volatility is trading over the 10-day historical volatility.
SPDR Gold Trust (the Trust) is an investment trust. The Trust holds gold and issues shares (Shares) (in minimum blocks of 100,000 Shares, also referred to as Baskets) in exchange for deposits of gold and distributes gold in connection with redemption of Baskets.