GOld options expire Thursday eve, at 7:00 p.m. E.S.T.The call strike prices that expire are 1325, 1330, 1335 and 1340. Spot gold has been kept below 1325 spot for hours now. Futures contract volume is heavy at 205,000 contracts. My idea is buy low. I can`t buy low when gold is up 3 days in a row. I find the best time to initiate a position is on days like this.