Metals – Market Recap Options Activity – Sep 10,2009
Reuters (Reported 9.10.09):
“LONDON (Reuters) - Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.
But prices remain well-supported near Thursday's close by risk aversion on the one hand and inflation fears on the other, and could be poised for further gains, analysts say.” Gold slips below $990 after U.S. jobs data
Bloomberg (Reported 9.10.09):
“Sept. 10 (Bloomberg) -- Gold gained as the dollar traded near the lowest level since December against the euro, boosting demand for the precious metal as a store of value.
The dollar also traded near the weakest in seven months against the yen as record low borrowing costs encouraged selling. The Dollar Index, which tracks the greenback against the currencies of six trade partners including the euro and yen, has lost 3 percent as gold rose 5.3 percent in the past month. ” Gold Resumes Advance as Dollar’s Slump Increases Haven Demand
Gold Options Activity – Highlights – As Of Sep 9,2009
| Contr. | Strike | Instr. | Volume | Comment |
| V09 | 800 | P | 510 | settles .1 |
| | | | | |
| V09 | 1000 | C | 600 | settles 17.4 |
| | | | | |
| Z09 | 940 | P | 1180 | settles 22.3 |
| | | | | |
| Z09 | 1000 | C | 840 | settles 46.5 |
| | | | | |
| Z09 | 1200 | C | 1110 | settles 8.3 |
| | | | | |
| M10 | 650 | P | 3530 | settles 4.4 |
| | | | | |
| M10 | 850 | P | 2330 | settles 30.7 |
Silver Options Activity – Highlights – As Of Sep 9,2009
| Contract | Strike | Instr. | Volume | Comment |
| X09 | 1750 | C | 130 | settles 57.7 |
| | | | | |
| X09 | 1800 | C | 610 | settles 45.4 |
| | | | | |
| Z09 | 1300 | P | 370 | |
| Z09 | 1400 | P | 370 | sprd settles 14.4 |
| | | | | |
| Z09 | 2000 | C | 1290 | settles 35.0 |
| | | | | |
| H10 | 1250 | P | 580 | |
| H10 | 2000 | C | 580 | strangle settles 116.8 |
| | | | | |
| H10 | 2500 | C | 720 | settles 30.0 |