Options Traders Are Really Bearish on Gold -- WSJ

Dow Jones

2 hours ago

By Krystal Hur

Traders in the options market are betting on further declines in gold prices, with the ongoing Middle East conflict stoking inflation fears.

A measure called "skew" for options tied to the biggest gold exchange-traded fund, GLD, rose to its highest level since at least 2021, Cboe Global Markets data showed. A higher skew typically signals that prices for bearish put options are more expensive relative to bullish call options. Puts offer the right to sell an option at a set price, while calls offer the right to buy.

The risk of stagflation, or a scenario in which economic growth stagnates while inflation rises, has risen due to the Iran War, wrote Mandy Xu, Cboe's head of derivatives market intelligence, in a note.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 23, 2026 13:15 ET (17:15 GMT)

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A higher skew typically signals that prices for bearish put options are more expensive relative to bullish call options. Puts offer the right to sell an option at a set price, while calls offer the right to buy. \n</p>\n<p>\n     The risk of stagflation, or a scenario in which economic growth stagnates while inflation rises, has risen due to the Iran War, wrote Mandy Xu, Cboe's head of derivatives market intelligence, in a note. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 13:15 ET (17:15 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1224","symbol_name":"专卖店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621088741","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621088741","pubTimestamp":1774286100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Traders in the options market are betting on further declines in gold prices, with the ongoing Middle East conflict stoking inflation fears.A measure called \"skew\" for options tied to the biggest gold exchange-traded fund, GLD, rose to its highest level since at least 2021, Cboe Global Markets data showed. 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Puts offer the right to sell an option at a set price, while calls offer the right to buy. \n\n\n     The risk of stagflation, or a scenario in which economic growth stagnates while inflation rises, has risen due to the Iran War, wrote Mandy Xu, Cboe's head of derivatives market intelligence, in a note. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  March 23, 2026 13:15 ET (17:15 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}