SPDR Gold Trust ETF is the most actively traded call option on the CBOE only a month after the option started trading. Options in the gold ETF are allowed to trade in the US as the fund holds physical gold. 

We were delighted when option trading began in our favorite precious metal investment vehicle as it will allow us to use our much favored source of added income in these uncertain times.

Ever since we began to feel that the stock market was overheating in the face of all the economic evidence that it was due a fall, we have been active in trading covered calls.

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An Option is a contract giving the buyer the right, but not the obligation, to buy or sell the underlying asset (a stock or index) at a specific price on or before a certain date (listed options are all for 100 shares of the particular underlying asset.)

An Option is a security, just like a stock or bond, and constitutes a binding contract with strictly defined terms and properties.
 

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