Long Dated Gold Options

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bigred

Registered User
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Hi, has anyone any experience in trading CBT / CMX commodities options.. Specifically I'm looking at picking up some some very long dated deep out of the money gold options e.g. Dec 2012 $1800 strike calls. Any input on suitable brokers, pricing etc. greatly appreciated.
 
Dec 2012 is the furthest out contract thats trading, no $1800 strike, $1900 is priced at $45.60. No volume that far out, so not sure how reliable the price is.
 
out of the money options are cheap for a reason .............they rarely do what you hope they will do and are priced for time and volatility only. Good luck but I would be looking at options with intrinsic value.
 
Thansk markowitzman but assuming I undersand the risks... "Can you recommend a broker"? I cant find anyone to quote them despite full knowledge they exist!
 
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