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« Gold Prices Observations 19 May 2010 | Main | Bud Conrad: Beyond the Point of No Return »
Tuesday
May182010

SPDR Gold Trust (ETF) Call Options Competition

GLD Chart of June Call Options 18 May 2010.jpg

The above table is a snap shot of the prices paid for the various call options that are currently available on the SPDR Gold Trust (GLD) for the June 2010 series. The number outlined in the box, $2.99, is the last price paid for the June 2010 series with a strike price of $120.00 and the last bid stands at $2.99 and the last ask stands at $3.05, as of 18 May 2010.

Now, we invite you to estimate/guess/predict what the last price for these call options will be at the close of business on Friday, 28th May 2010, so thats the challenge.

The prize is a free subscription to OPTIONTRADER, from SK Options Trading, which costs $99.00. The reader who can get it right will be the winner, however, our decision will be final. The closing date will be this Sunday, 23rd May 2010. Please enter your answer in the comments box under this article, emails to us will not be accepted as an entry. We will close this competition as stated on Sunday so you only have a few days to make your decision and place it in the comments box. If there is more than one winner we will go with the first entry. Will the price go up from here or will it go down from here, thats for you to decide, but its your chance to win this extraordinary valuable prize.


Right then, back on your toes you've got some thinking to do!

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

The latest trade from our options team was slightly more sophisticated in that we shorted a PUT as follows:

On Friday 7th May our premium options trading service OPTIONTRADER opened a speculative short term trade on GLD Puts, signalling to short sell the $105 May-10 Puts series at $0.09.

On Tuesday the 11th May we bought back the puts for just $0.05, making a 44.44% profit in just 4 days.



Accumulated Profits from Investing $1000 in each OPTIONTRADE signal 14 May 2010.jpg

Recently our premium options trading service OPTIONTRADER has been putting in a great performance, the last 16 trades with an average gain of 42.73% per trade, in an average of just under 38 days per trade. Click here to sign up or find out more.


Silver-prices.net have been rather fortunate to close both the $15.00 and the $16.00 options trade on Silver Wheaton Corporation, with both returning a little over 100% profit.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.


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Reader Comments (40)

.59

May 18, 2010 | Unregistered Commentermartin

I will reply to the contest. But while I am thinking about it, have you read Brendan O'Connor's May 9 item on the front page of Ireland's Sunday Independent?

True this is article reflects mostly a EU issue, but in the US we have our Obama equivalent to it.

May 18, 2010 | Unregistered CommenterBC

I will say GLD will be under 120 and the option worthless with he last trade at 0.01. I suspect June is too early and powers that be still have a number of tricks to play. With gold over 1200, I think they will be forced to do something to bring it down.

May 18, 2010 | Unregistered CommenterBC

SPDR Gold Trust (ETF) Call Options Competition :- I predict the price will be $1.40

May 18, 2010 | Unregistered CommenterSteve

The last price for these call options will be: $3.23

May 18, 2010 | Unregistered CommenterSteve

The last price of the call options will be $1.97

May 18, 2010 | Unregistered CommenterMike

5/28/10 last bid 3.17 last ask 3.24

May 18, 2010 | Unregistered Commentered rice

3.17/ 3.24

May 18, 2010 | Unregistered Commentered rice

I agree with BC, worthless or .01 for the last trade.

May 18, 2010 | Unregistered CommenterDOM

the call options will be $2.15

May 18, 2010 | Unregistered CommenterMark

$2.17 is my best guess.

May 18, 2010 | Unregistered CommenterThomas Mayhew

My guess is $2.99

May 18, 2010 | Unregistered Commenterhendri

My guess at price of these call options $2.87

May 18, 2010 | Unregistered CommenterAl R

SPDR Options Competition

12.40

May 18, 2010 | Unregistered CommenterPaul Levasseur

I believe the price for Gld on May 28th will be ~114 and the June options will last trade at $1.25.

May 18, 2010 | Unregistered CommenterMike

GLD will be trading at $123.00 and the call options will be $3.23

May 18, 2010 | Unregistered CommenterEd Hardeman

The last price on May 28 will be:$3.20

May 18, 2010 | Unregistered CommenterDon

The last price will be $2.86

May 18, 2010 | Unregistered CommenterRick

i think we are having a pullback in gld these call options will be $1.70

May 18, 2010 | Unregistered Commenternigel harrison

5/28/2010 price for 120 calls will be $3.25

May 18, 2010 | Unregistered CommenterRichard

Call options will be $.99 .

May 18, 2010 | Unregistered CommenterTD

Steve, unbelievable...that was my exact number, $3.23. So, I'll go with $3.24.

May 18, 2010 | Unregistered CommenterTom

I too believe these contracts will expire out of the money

Last will be .05

May 18, 2010 | Unregistered CommenterDPV

1.95

May 18, 2010 | Unregistered CommenterJohn Davidson

Team,

We need a number not the range.

May 18, 2010 | Unregistered CommenterGold Prices

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