Saturday, April 01, 2006

Gold Options on ECBOT

Just read a bit of news that CBOT listed electronic gold options on 100 Troy Oz gold. Option root is OZG.

This is a really good news. I only wish I'd found out about this earlier. The recent Gold runup would have been that much more interesting for us.

Cheers,
/Dmitry


1 Comments:

At 3:25 PM, Blogger Trading Nerd said...

Dmitry,

I have known about the gold options for a little while (they haven't been out for too long) and I have noticed that the spreads are pretty wide (and there isn't much depth in the market either). It is refreshing though that some futures options actually have a bid-ask spread (that's definately a step in the right direction).

I brought it up on Adam Warner's blog earlier, but wouldn't it be nice if GLD traded options? I think that there are a lot of people out there who would like to trade options on gold, but don't want to open a commodities account.

 

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