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TFC Commodity Trading Forum

Re: Aug Gold/ Remains in its Channel/Trades

Hi Trades,
Thanks for the chart/comments !!
Have kept an eye on Gc as the options expire today.

Tempted to call it the "war of 1615" as max nearby damage starts to occur when price is below 1615 and increases as price drops further (within reason).

Not sure what time they actually settle, might be 3.15 ET ?? Curious to see what happens after.
Ec, Dx, Gc price movement has been so slight this afternoon it's hard to see any direct connection.

BUT, Gc is now up to 1616.2 so maybe the options settled at 2.15 ET ??
I thought you mentioned Gc trading looking a little odd the other day. Did you pay any attention to any of the options behavior ??
Looks like the "market longs" will be eating steak tonight !! Hope the Gold stocks/etf's you were looking at got caught up in that.

Thanks, Lee