Here's a little gold puzzle for you to ponder as you're getting ready for the weekend. See if you can figure it out.
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.
While it is very difficult to profit in sideways markets using futures or equities, it is much easier to set up strategies using options that will profit in a sideways or range bound market.
The dollar rose for a second day after retail sales gained more than forecast last month, adding to speculation the Federal Reserve will move to trim its $85 billion of monthly asset purchases at a meeting next week.