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Wednesday, June 04, 2008

SPDR Gold Trust (GLD) Is Now Optionable

Starting from today, 3 June 08, SPDR Gold Trust (ETF)(Public, NYSE:GLD) is optionable. Here's the press release from CBOE.

Below is a chart of GLD. Its been range bound for the past 2 months or so and appears to be forming a triangle-like pattern. For now, I don't see great opportunities for GLD until it breaks out. Unless you want to consider the bounce up to the top of the triangle as a short term Call play.


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