Even as markets climb back toward all-time highs, options traders are getting bullish on gold rather than equities as coronavirus cases surge.
Gold bullion touched its highest levels in more than a month on Monday, while the"have outpaced puts by between two and three times to one today, and what really jumped out to me was the GDX June 26 weekly [expiration] 35-calls that traded around 10,000 times for 64 cents-65 cents [per contract]," Bonawyn Eison, managing director at XP Investments, said Monday on "Those 35-calls break even around $35.64, or about 2% from where GDX closed Monday's session.
"The person that is putting this trade on is essentially managing that portfolio, moving from speculative plays to a bit more high-quality plays," said Eison, "While still letting that money continue to work."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Economy forces Pakistan to reopen even as Covid-19 cases spikeThe country continues to ease restrictions as the rate of new Covid-19 cases in Pakistan leapt from around 2,000-3,000 a day in late May to as high as 6,800 a day in mid-June and deaths are nearing 150 a day.
続きを読む »
“It’s extremely unpredictable as to what happens next, even by Amazon’s own standards”—coming of ageToday on “The Intelligence”: Amazon’s vulnerabilities, how war and pandemics intertwine and remembering an unlikely Amazonian film star
続きを読む »
Delivery Firm Got PPP Loan Even as Demand Rose During PandemicA Florida-based delivery company got two Paycheck Protection Program loans even as the pandemic saw its business pick up. Such loans could come under scrutiny as the Treasury Department weighs whether the loans should be forgiven.
続きを読む »
Bolton book set to release Tuesday even as judge says his profits might be seizedFormer national security adviser John Bolton and his publisher are moving forward with the release of his memoir Tuesday despite a judge warning of criminal consequences.
続きを読む »
Biden Will Debate Trump Three Times—Even Though Trump Wanted Four Face-Offs“We do not want to provide President Trump with any excuses for not debating.”
続きを読む »