Traders Accelerate Bearish Gold Bets After 4% Single-Day Plunge; Some 2028 Puts Imply 40% Further Decline

According to CNBC, on June 11, traders significantly increased bearish positions in gold derivatives, with part of long-dated options pricing potential further declines of roughly 40% over the next two years. During gold's single-day drop exceeding 4%, approximately 1.3 billion dollars of the roughly 2 billion dollars in options premium traded concentrated on put options around SPDR Gold Shares (GLD), with short calls outpacing long calls. Among the most active 10 options contracts that day, 8 were puts traded at or above the ask price, signaling proactive downside positioning. One particularly active June 2028 put contract with a 240 dollar strike showed implied downside of roughly 40% at current pricing. Since peaking in February, GLD has declined approximately 25%.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments