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