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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: 40,000 calls on $1,000 Gold?????
4
Feb 22, 2009 10:46AM

Here is a list of call options for $1000 gold:

March 09 = 3,406

April 09 = 10,0024

June 09 = 11,827

August 09 = 1,647

October 09 = 1,456

December 09 = 14,835

February 10 = 2

June 10 = 208

December 10 = 951

December 11 = 10

Total = 44,366 call options with $1,000 strike price.

I also noticed that there are 2,200 December 2112 call options with a strike price of $2,000 per ounce. These are currently selling for $133.80 per ounce so depending on when these were bought someone laid out a large sum of money. These calls are currently worth $29,436,000 and gold would have to be at least $2,134 per ounce at the end of November 2112 just for these options to be worth as much as they are now. Thats a big bet!

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