Email Address:
If you've forgotten your email address you registered with, send an email via the "Contact CBOE" form located at http://www.cboe.com/Contact .
Your password has been e-mailed to you.
If you have a question for CBOE, please select the appropriate topic from our automated question/response system in order to view answers to frequently asked questions or to submit your question via the online form at the following page: http://www.cboe.com/ContactCBOE
The purpose of Ask the Institute is to present answers to common option related questions. Since topics are chosen at random from those received, questions WILL NOT be personally answered and may not be chosen for publication on the website.
Home »
In recent years many investors have expressed increased interest in gold as an investment and portfolio diversification tool. The introduction of CBOE Options on SPDR Gold Shares (GLD) provides investors with another tool for portfolio and risk management. The SPDR Gold Trust, which is an exchange traded fund (ETF), issues SPDR Gold Shares that represent a fractional, undivided interest in gold bullion held by the SPDR Gold Trust.
Inception Date. The GLD ETF was launched on November 12, 2004 (originally with the name streetTRACKS® Gold Trust). Year-end Prices for the GLD ETF were 51.58 in 2005, 63.21 in 2006, and 82.46 in 2007 (see also the graphs below). Asset Size. In April 2008 the GLD ETF was the 6th largest US-based ETF, with more than $16 billion in assets (see also the table below).
Key features for CBOE GLD options include:
Please visit these links for more information on CBOE and options strategies:
June 2, 2008 Press Release - includes Product Specifications Commodity-based ETF Options Options Trading Strategies Options Toolbox Reasons to Choose CBOE
Some investors consider gold to have the potential to help diversify a portfolio of traditional investments, and the GLD has had low or negative correlations with a number of benchmark indexes.
Assignments are only available if you're logged in. Register Login
CollarExample: You are long 100 shares of XYZ stock.Your initial purchase price was well below the current price of $60 and your focus is to ... (more)See Strategy Archive
Learn the answers to questions your peers are asking.Q: I am interested....