ACE Gold - Apr 19, 2021

Below is an illustration trading futures options on Gold.  Our post shows bullish and bearish positions using a combination of call and put options.

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Trade Options on Futures

Gold * Directional & Neutral Positions

Get your copy of Paul Forchione's book, "Credit Spreads".  Learn techniques from a professional options trader to manage risk while speculating on futures markets.

Credit Spreads Vol Skew and more small


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Term Structure

gc term


gc optv

gc vol


Contract Size - 100 ounces.

Tick Size:  Outright: dollars and cents with 0.10 points=$10

Trading Hours: CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (CST).

* Tip: Click here to read a helpful tip about Gold futures and options


gc weekly

gc daily

gc prices

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Latest, Biggest, Busiest

Below is a snapshot with what's going on in the world of options with the most actively traded spreads.

Here's an illustration of a ratio spread May21 1850/1925 Bull Call spread shown in the 2nd column above as a popular spread.

gc 1850 1925

gc 1850 1925 target

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Here are some alternative strategies to above.

The % yield shown in the diagrams below represent an estimated return on margin from projected dates shown below. The structure has positive time decay which is an advantage over holding outright options.


Position earns is the market moves in a range. It has positive time decay.

gc butterfly

gc butterfly target

Vertical Swap Puts

Position earns is the market moves directionally bullish. It has positive time decay with additional profitability from an increase in implied volatility.

gc bullish vswap 04 19

gc bullish vswap 04 19 target

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