Dec Gold Risk Reversal at 7 year lows

GCZ dec19 1470 put vs GCZ dec19 1570 call, 101 days to expiry

Check out the current 100 wide Risk Reversal in Dec Gold (GCZ). If you’re long Gold here this might be a interesting play, buy the Risk Reversal (buy the Put, sell the Call, Puts Over), for a credit, closed at -9.47 last night.

It’s trading at 7 year lows, with a Z-Score of -2.80, as mentioned yesterday in our Gold blog the implied vol seems to be dropping, suggesting the fear factor seems to be subsiding a little.

Trade added for tracking in our booking system.