GOLD! GOLD! GOLD! An interesting activityFor the third day in a row, there are a number of positions on the 2080 call, which is remarkable given the downward movement of the underlying asset. However, the trading volume that took place yesterday at this strike is excessive and probably the highest for the entire 2023, at least based on our regular observations.
The second factor that may signal that the most informed participants are in action is the volatility of the Gold ATM strike. As you can see in the screenshot below, the volatility of the ATM is just below average. According to our observations, it is volatility when insiders and so-called "smart money" show up.
