Using Options to Play Gold

Published on
October 22nd, 2018
16 minutes

Using Options to Play Gold

Trade Ideas ·
Featuring Michael Purves

Published on: October 22nd, 2018 • Duration: 16 minutes

Is it gold's time to shine? Michael Purves, chief global strategist at Weeden & Co. reviews the recent price action and answers this question. He highlights the key fundamental drivers, discusses upcoming catalysts and suggests what trade to make, in this interview with Justine Underhill. Filmed on October 17, 2018.


  • AT
    Alison T.
    31 October 2018 @ 17:47
    How many terrible calls can one guy make?
  • JO
    Johnny O.
    31 October 2018 @ 06:19
    Well, that was a total disaster. I haven't lost any money, but my attention to this dea has taught me that when equities go down and gold goes nowhere, gold miners go down even harder. Also, unless there is some specific event/announcement coming, 60 days-to-expiry is too near-dated for long options. Vague assertions about dollar topping (it isn't) aren't an event.
  • PS
    Poyan S.
    25 October 2018 @ 02:33
    why not sell puts?
    • DY
      Dmytro Y.
      31 October 2018 @ 06:03
      Gold volatility was low and premiums for Puts are ridiculously low. In reverse the cost of calls was low hence its buying on the cheap in his mind. Hope that explains.