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:
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