And when the last optimists give up, it's time for gold contrarians to turn optimistic.
; When the last optimists give up, it's time for gold contrarians to turn optimistic.; The European Union's antitrust commission is apoplectic about Anglo's platinum monopoly and is holding extensive hearings to figure out what to do.
And that bunker is getting very crowded, so much so that some analysts are starting to suggest the markets are showing signs of "capitulation" — another term of art to describe what happens when even the bullish holdouts, the unflagging optimists, throw up their hands and join the stampede out of the market.
Optimists picked up approximately 1,700 calls at the September $15 strike for an average premium of $0.20 a-pop.
Near-term optimists picked up 3,800 calls at the June $16 strike for an average premium of $0.07 each.
Near-term optimists picked up 5,200 calls at the April $17.5 strike for an average premium of $0.23 per contract.
Optimists looked up to the higher December $72.5 strike where more than 13,000 calls changed hands versus previously existing open interest of 4,958 contracts.
Ms. Scanlon, ever the optimist, looked up from her paperwork and tried to reassure him.
One options optimist picked up 4,800 calls at the February $45 strike for a premium of $1.45 each, and sold 9,600 calls at the higher February $48 strike at a premium of $0.42 apiece.
One such optimist picked up 2,500 calls at the January 2011 $45 strike at a premium of $2.85 each, and sold the same number of calls at the higher January 2011 $55 strike for a premium of $0.55 apiece.
