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Tracy Shuchart, independent trader and strategist at Independent / Trader, reports that far out of the money Comex gold call options are seeing increased activity. Open interest in December $10,000, $15,000, and $20,000 gold calls has risen, even as futures prices have retreated from 2026 highs. Notably, 529 lots of December $10,000 calls traded at prices ranging from $4.70 to $5.20.
Shuchart has previously highlighted risks of crude oil quality degradation in the U.S. Strategic Petroleum Reserve as storage levels have declined, referencing concerns from ExxonMobil in 2023. She has also reported on Vedanta Resources targeting $372 million by selling a stake in its copper unit to fund Zambian mining operations, according to a recent filing. These reports reflect her ongoing coverage of commodity market developments.