Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Regulation and Compliance > Federal Regulation > SEC

GLD (Finally) Gets Options

Your article was successfully shared with the contacts you provided.

After a long four-year wait, trading of call and put options on the SPDR Gold Trust (GLD) has finally come to pass. The regulatory hurdles faced by both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have been resolved.

Since gold is regulated by the CFTC whereas securities are regulated by the SEC, GLD’s hybrid nature complicated matters, which slowed the process of listing options. Even though the trust’s gold is held in a secured vault in the form of London Good Delivery Bars, GLD is still governed under the Securities Act of 1933.

Judging by the initial volume, trading in GLD options has been brisk. Call options with a strike price of $90 for the September expiration already had over 6,000 outstanding option contracts.

Ron DeLegge is the San Diego-based editor of


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.