Posted on 06/30/2026 6:11:06 AM PDT by delta7
There is an increasing amount of chatter regarding a surge in open interest for deeply out-of-the-money options on COMEX gold. Whether or not there's anything substantial behind these speculative trades remains to be seen.
COMEX Gold Options Open Interest And Market Speculation Let's start with what we know. Below is a screenshot from the CME website that shows total open interest in call options on Dec26 COMEX gold. As I type, that contract is trading at about $4100, but as you can see, there are a substantial number of open call options from $10,000 to $20,000. For these to be "in the money" by the time they expire on November 26, price is going to have to surge by nearly 5X....
And this is not an anomaly or data malfunction. These options are real and actually trading. Below is a screenshot from my futures and options account at Schwab. As of Monday, June 29, the $20,000 strike price call was trading with a bid of 0.90 and an offer of 1.00. This means that you could buy some for $100 each.
Gold Revaluation Theory And Insider Trading Concerns OK, so what's going on here?....
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Why the gigantic drop from the highs? Especially silver!
Or is it really big money is looking for those expecting a rainbow?
People hear about precious metal giant scores and look to jump in. I have a family member listening to a neighbor bragging about a big silver score and she doesn’t realize this is six month old news. She is buying anyway.
“Some really big money is betting on $10- 20K Gold.”
LOL! This is just option strategies.
These same people are also betting against high gold prices.
Either you know nothing about the options market or you are trolling for suckers willing to give you their credit card info.
Comment #38 Removed by Moderator
Comment #39 Removed by Moderator
To: delta7
Quit promoting Armstrong and Socrates.
40 posted on 1/18/2026, 9:32:51 PM
Great question.
Huge transfer to wealth, I would like to know who got it.
Giant pump and dump.
“Why the gigantic drop from the highs? Especially silver!”
You asked the wrong person. Delta7 went all in on silver at $121 just hours before the crash.
87 posted on 1/29/2026, 5:31:36 PM by delta7
There are 3 ways to pay off the $39 trillion in US debt.
1. Default
2. Inflation i.e. stealth default
3. Revaluation of gold
I think Trump is looking at #3 very hard. FDR did it.
Article is pure hype.
Traders are playing option spreads, not betting on $20k.
I am sure the author knows this but the gold pimps keep playing this same tune.
Delta7 posted similar a few weeks ago.
4. Cut spending a run a surplus.
Or somebody is betting people are numb enough to give them $100.
“3. Revaluation of gold
I think Trump is looking at #3 very hard. FDR did it.”
Even if we sold all the gold it would have a minor impact on the debt.
#4: stop the fraud and see the budget balance. This also defunds communists/Demonrats and so allows other necessary reforms.
#1-3 are patches by comparison- as long as there’s free stuff for the taking no money shuffle will solve the issue.
See my #10
You cannot cut your way out of $39 trillion. 😆
I sold my silver at $100 but not the gold. I think that was a mistake. Fortunately, I only paid $2,400 per ounce of gold. I probably should sell that now, but I’m guessing it probably won’t drop much under $4,000.
“You cannot cut your way out of $39 trillion. “
Sure you can. Not just cuts but grow the economy.
You sound just like delta7, the gold pimp.
I think they’re planning to devalue and back the dollar with it. It would need to be in the $10,000-$20,000 range. Its likely either that or super inflation.
“I think they’re planning to devalue and back the dollar with it.”
That makes no sense.
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