74921 GLD Jun 2016/Sep 2016 125 call spreads went up in two blocks on the AMEX.?
Shares of the SPDR Gold Trust (GLD) are up .44 to 102.99.? GLD is near the bottom of the 52 week range.
- Paper traded 74921 GLD Jun 2016/Sep 2016 125 call spreads for .51. ?
- The ADV is 98k.?
- The OI is 85000 and 69 contracts.
The volume went up in two blocks on the AMEX.? This trader looks like they are rolling a long call out to Sep 2016 from Jun 2016 using the recent pop in GLD IV to move it along.? The trade looks bullish as printed.? UA covered shorter term upside call buying in GLD yesterday.
- IV 30 is trading for 15%.?
- HV10 is trading for 18%.?
- IV 30 is trading below the HV 10.
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.