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Reading the newspaper

 

Precious Metals

Gold Comex (100 Troy oz; $/troy oz)

 

Sett price

Day’s chge

High

Low

Vol ’000s

0 int ’000s

Dec

738.7

-8.5

748.5

736.7

111.8

300.3

Feb

745.0

-8.6

754.8

743.5

6.00

31.86

Total

       

123.7

449.5

 

  • Settlement price: this price is used for margin call calculations at end of trading day
  • Change : -$8.5 per troy ounce. Hence, total of 100*$8.5=$850 reduction in margin account balance
  • Open interest: total number of contracts outstanding with the exchange. It is the total number of long positions / the total number of short positions. It is one trading day older than the prices’ day.

Time

Trading Activity

Open Interest

Jan 1

A buys 1 option and B sells 1 option contract

1

Jan 2

C buys 5 option and D sells 5 option contract

6

Jan 3

A sells his 1 option and D buys 1 options contract

5

Jan 4

E buys 5 options from C who sells 5 options contracts

5

 





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