The Chicago Board Options Exchange is to list options on two new precious metal exchange traded funds. Options on iShares’ Comex Gold and Silver Trusts started trading on Monday December 8, after receiving approval from the Securities and Exchange Commission.
The ETFs reflect the performance of price of, respectively, gold bullion and silver bullion, minus the trusts’ expenses.
Strike prices for the options on the gold ETF will start at five point increments, ranging from 65-85. The silver contract has a 1 point increment and will range from five to 15.
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