Hi All.
I hope you are well. This might be better for Strategies but was unsure.
I have an old Grants article, quote: "(An investor friend relates that he recently bough 250,000 gold calls struck at $500 for five years at a cost of $2 each. Given that that the forward gold price is approximately $370, he observed, the calls are essentially free."
So, can you help me understand how one might be able to do this as a non-institutional investor?
Are they talking about long-term calls on futures contracts or?
Thanks