Gold. The shutdown of the Chicago Mercantile Exchange (GME) on Friday will be left to the conscience of the exchange's shareholders. Taking care of additional emergency equipment cooling in advance is not about pointing fingers at corrupt schemes in other regions of the world... and here we go! Now, let's move on to the topic of gold options. The monthly option OGF6 expiring on 23.12.2025 has entered the expiration phase. In terms of the volumes of purchased options, call options have a slight advantage over put options, but it wouldn't be accurate to say it's a significant advantage - with a ratio of 0.87. However, in terms of the invested funds, call options are significantly ahead of put options with a ratio of 0.37. What are the price scenarios for sellers on this option? There is a slight excess of sold call options with a ratio of 0.87. However, sellers hold the price of call options significantly higher than put options with a ratio of 0.08. Moving on to the option for the upcoming trading week OG1Z5, expiring on 06.12.2025. Here, there is certainly not a dominant advantage for put options both in volumes and amounts, but this is most likely an expected fixing of the gold price increase in the past trading week. This was perceived by option sellers as the most emotional surge in weekly events, not only in the gold trading segment but also in its derivative aspect. Now, let's look at the prices set by sellers on the weekly option. Sellers of options here seem a bit peculiar. Put options were bought the most with a ratio of 1.35, but call options were valued at more than half the price of put options with a ratio of 0.40. And of course, there was quite a rare consensus in Friday surveys among market players in COMEX derivative instruments. Both Wall Street and Main Street unanimously expressed their support for the rise in the price of gold in the upcoming trading week. Whether the shutdown on COMEX affected the sentiments of professionals and retail traders, or they are also referring to other drivers influencing the gold price increase in the upcoming trading week. In any case, the current situation in gold price formation requires a more detailed and in-depth assessment, primarily of a fundamental nature.
