Can anybody explain this article?

Discussion in 'Options' started by kxvid, May 3, 2009.

  1. kxvid


  2. Why do you have to presume "they are buying options on futures" when the title of the article clearly states "COMEX GOLD & SILVER CALL OPTIONS" and the whole article talks about COMEX options.

    Just about every futures broker does futures options. If you are not sure, then just contact the futures broker of your choice and ask them.

    Keep in mind that speculating in the metals markets with futures options is a very risky business.
  3. gody3


    "In July of 2008 I noticed a similar build-up in the COMEX December Call options."

    "It just recently came to my attention from two different confidential sources that JPMorgan and Goldman Sachs have been buying large amounts of Calls in gold and silver. This made me put on my gumshoes and take a serious poke around the COMEX option open interest once again."

    Think they might be talking about COMEX options?