Gold ETF Calls Surging Most Since U.S. Stripped of AAA: Options
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Gold options traders are placing the most bullish bets since August as Europe’s debt crisis spreads.
Calls to buy the SPDR Gold Trust outnumber puts to sell by 1.5-to-1, the most since Aug. 8, data compiled by Bloomberg show. The gap, the third-widest in more than a year, has risen 6.5 percent this month, with ownership of June $220 calls showing the biggest increase. They are 28 percent above the exchange-traded fund’s close yesterday of $172.07.