Noticing some increased activity in out-of-the-money call options for $XAUUSD for year-end. Could be just speculative, but sometimes indicates a deeper conviction play. Anyone else seeing this or have a take on implied volatility?
Yeah, I've seen some of that too. It's interesting but could just be chasing momentum, especially with all the rate hike talk.
I'm always wary of OTM calls, especially in something as volatile as gold. Could be pure speculation, or a hedge against something bigger.
Are you seeing significant volume spikes or just increased open interest? The distinction matters a lot for conviction.
Could this be related to central bank activity, or just general inflation fears pushing retail? Hard to say without more context.
My read on IV for XAUUSD has been pretty flat recently, despite the action. Maybe it's a few large players rather than broad market sentiment?