PINL:VLTAF - Post by User
Comment by
VentureTrader1on Apr 17, 2012 5:24pm
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Post# 19804667
RE: VTR has to bounce
RE: VTR has to bounce The options writers will try to hold the price of gold at around 1650 until Friday, when US April options expire. That will make the largest option positions in GLD (puts and calls) expire more or less worthless. Since the gold market is small it's probably pretty easy to manage this in the short term (I know there are many people who argue that the price isn't manipulated, but having watched it for a long time, I think it probably is, especially in the short-term - like the big smack-down on Feb 29, for instance.)