Options expiry manipulation of the gold price in one chart

ancona · 01-27-2012, 02:16 PM

This close to Op Ex it makes me suspicious to see PM's rise. What is it....Tuesday for expiry? We should be getting creamed right now. Something is up. Either they destroy PM's in the access market or they go after them in London and New York on Monday-Tuesday. Either way, we'll likely give back two or more dollars on silver.

swissaustrian · 01-27-2012, 02:20 PM

Originally Posted by ancona

:

This close to Op Ex it makes me suspicious to see PM's rise. What is it....Tuesday for expiry? We should be getting creamed right now. Something is up. Either they destroy PM's in the access market or they go after them in London and New York on Monday-Tuesday. Either way, we'll likely give back two or more dollars on silver.

Today is opex, that's the weird thing...

ancona · 01-27-2012, 03:57 PM

Um.....the calendar shows it to be Tuesday, but I could definitely have made a mistake. If it's today, then it is all the more confusing since the historical norm is for silver to be taken directly to the woodshed the day before and day of OP/EX.

swissaustrian · 01-27-2012, 04:24 PM

Originally Posted by ancona

:

Um.....the calendar shows it to be Tuesday, but I could definitely have made a mistake. If it's today, then it is all the more confusing since the historical norm is for silver to be taken directly to the woodshed the day before and day of OP/EX.

You've probably confused options with futures dates

The official CME options calendars have already deleted the january dates

gold

http://www.cmegroup.com/trading/meta...l#prodType=AME

silver

http://www.cmegroup.com/trading/meta...l#prodType=AME

swissaustrian · 02-23-2012, 08:28 AM

Today is options expiry. Target price is obviously $1775. I think that's why gold spiked yesterday out of nowhere.

ancona · 02-23-2012, 08:46 AM

Don't silver options expire today as well? If so, then someone at JPM is dropping the ball by letting silver climb instead of giving the usual bitch slap.

swissaustrian · 02-24-2012, 08:25 AM

Very interesting to see that the gold shows weakness on the day AFTER opex.

ancona · 02-24-2012, 08:59 AM

Silver seems to be leaking higher this a.m. I noticed an overnight crunch down, then we see a slow upward drift as of this minute. All of the shiny stuff is down except silver. It almost looks like they're protecting 1776 in gold for some reason, even though OPEX was yesterday. "Someone" doesn't want gold over 1800.

**PMBug** · 02-24-2012, 09:31 AM

Originally Posted by ancona

:

... "Someone" doesn't want gold over 1800.

I've been known to partake of some 1800 gold in my youth...

swissaustrian · 03-22-2012, 09:14 AM

Opex is on 3-27 this month: http://www.cmegroup.com/trading/meta...r_options.html
I'm not going short this time given the already massive correction this month.

01-27-2012, 02:16 PM	#21
ancona PM Bug Supporter Join Date: Nov 2011 Location: Waaay south Posts: 1,084 Liked: 343 times	This close to Op Ex it makes me suspicious to see PM's rise. What is it....Tuesday for expiry? We should be getting creamed right now. Something is up. Either they destroy PM's in the access market or they go after them in London and New York on Monday-Tuesday. Either way, we'll likely give back two or more dollars on silver. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

01-27-2012, 03:57 PM	#23
ancona PM Bug Supporter Join Date: Nov 2011 Location: Waaay south Posts: 1,084 Liked: 343 times	Um.....the calendar shows it to be Tuesday, but I could definitely have made a mistake. If it's today, then it is all the more confusing since the historical norm is for silver to be taken directly to the woodshed the day before and day of OP/EX. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

02-23-2012, 08:28 AM	#25
swissaustrian Ground Beetle Join Date: Oct 2011 Posts: 801 Liked: 310 times	Today is options expiry. Target price is obviously $1775. I think that's why gold spiked yesterday out of nowhere. Share Share this post on Digg Del.icio.us Technorati Twitter

02-23-2012, 08:46 AM	#26
ancona PM Bug Supporter Join Date: Nov 2011 Location: Waaay south Posts: 1,084 Liked: 343 times	Don't silver options expire today as well? If so, then someone at JPM is dropping the ball by letting silver climb instead of giving the usual bitch slap. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

02-24-2012, 08:25 AM	#27
swissaustrian Ground Beetle Join Date: Oct 2011 Posts: 801 Liked: 310 times	Very interesting to see that the gold shows weakness on the day AFTER opex. Share Share this post on Digg Del.icio.us Technorati Twitter

02-24-2012, 08:59 AM	#28
ancona PM Bug Supporter Join Date: Nov 2011 Location: Waaay south Posts: 1,084 Liked: 343 times	Silver seems to be leaking higher this a.m. I noticed an overnight crunch down, then we see a slow upward drift as of this minute. All of the shiny stuff is down except silver. It almost looks like they're protecting 1776 in gold for some reason, even though OPEX was yesterday. "Someone" doesn't want gold over 1800. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

03-22-2012, 09:14 AM	#30
swissaustrian Ground Beetle Join Date: Oct 2011 Posts: 801 Liked: 310 times	Opex is on 3-27 this month: http://www.cmegroup.com/trading/meta...r_options.html I'm not going short this time given the already massive correction this month. Share Share this post on Digg Del.icio.us Technorati Twitter

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