During the worst day for gold in 46 years, options traders made bets the metal could hit $20,000 | Metals Mine

  • During the worst day for gold in 46 years, options traders made bets the metal could hit $20,000

    From morningstar.com

    When gold was plunging on Friday in its worst day in 46 years, some investors took out options bets that the yellow metal could reach $20,000. An analysis from Societe Generale's commodities team, led by Mike Haigh, found options trades that gold could reach $10,000, $15,000 and $20,000 an ounce, by the end of the year. Gold call options: January 2026 Open Interest change by strike. The bigger the bubble, the bigger the change in open interest After last week's shakeout, gold futures (GC00) on Tuesday were trading up 6%, to $4,925.80 an ounce. There was also an increase in put options struck at $4,000 but notably ... (full story)

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