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Why Bother with SPDR Gold Shares Options?
Posted on July 01, 2008
By Brad ZiglerIn late May, we ran a column announcing the debut of option trading on the SPDR Gold Shares (NYSE Arca: GLD) grantor trust (see Options for Options ). Since then, we've received a fair amount of comment on gold ETF option trading, ranging from So what? to That's crazy! Most people seem to think that gold ETFs are risky enough thankyewverymuch.Adding another layer of risk to the gold equation doesn't seem to makemuch sense. There are options, however, that offer decidedly stock-likeexposure together with the leverage of a derivative.Long-termoptions known as LEAPS (Long-term ...
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