Large positions continue to build at $8,000, $10,000, $15,000, and even $20,000 strike prices, suggesting that many traders are still positioning for the possibility of significantly higher gold prices over the longer term.
Options data, of course, doesn’t guarantee where the market is headed. However, it provides valuable insight into how experienced market participants are positioning themselves.
And right now, their positioning suggests that optimism about further gains in gold remains strong.
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