Trading Review: SPDR Gold Shares

SPDR Gold Shares options contracts saw a new 90-Day record for Call contracts, a total of 155,614 Calls were traded on Monday.

The contract spread yielded a 0.32 Put/Call ratio where 3.2 Call contracts were traded for each Put contract.

Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the Put/Call ratio statistics to measure trader sentiment.

A high Put/Call ratio suggests that the overall investment sentiment is Bearish and that investors expect the underlying stock to decrease in value, and a low Put/Call ratio implies that investor sentiment is Bullish based on the large amount of Call options.

Shares of (NYSEArca:GLD) opened Monday at 160.49 and finished + 0.50 t 161.88.

The day's trading range is between 160.31 and 161.88.

Performance indicators show that the stock has gained 0.23% in the past month.

On the volume side: 7-M shares were traded which is less than the average volume of 11-M shares.

SPDR Gold Shares is trading below its 50-Day and 200-Day Moving Average.

The stock's 52 wk range is 142.55 and 185.85.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.