55,000 Contracts Just Bet Gold Hits $505 by March
By Brandon Chapman, CMT
Hey trader,
Nobody is buying calls right now. Not on equities.
Dealer desks are reporting a near-total absence of call buying at the institutional level. The Ghost Prints Surveillance Console confirmed it today.
When I filtered for block trades across all names, nearly every significant print was bearish.
Puts on Colgate, puts on Procter & Gamble, puts on XLF.
Then gold showed up.
The Console flagged a call spread in GLD involving 55,733 contracts on each leg, all executed in a single print.
The long side bought the $485 call. The short side sold the $505 call for March 13 expiration.
In a session where every other institutional print pointed down, this was the one massive bullish bet on the board.
It landed in the one asset class that has significantly outperformed the S&P 500 over the past several months.
We are going to break down why this trade was built as a spread, what the surrounding bearish equity flow tells you about where capital is rotating, and how to structure your own exposure around the setup.
Click Here to Continue Reading.
You can avoid the trade setup where most traders get trapped.
The squeeze trap. It happens when a short squeeze gets started, only to evaporate. Miserably.
A gamma squeeze play can be great. The Ghost Prints Surveillance Console lit up opportunities on KSS (375% in 13 days), PLUG (206% in 5 days), and on VFC (100% in just 24 hours).
Of course you want to find these excellent opportunities.
Along the way you need to skip over the pit of despair, the trap waiting to suck you in.
👉 Check out my latest Squeeze Traps session to see the Console in action live.
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.
0 Response to "55,000 Contracts Just Bet Gold Hits $505 by March"
Post a Comment