what are the pros and cons of gold options 
gold options allow traders to take out a position on gold using less up front capital than they would by trading the physical metal or gold futures contracts however if gold prices move in an unfavorable direction options can result in significant losses the bottom linegold options give the holder the right but not the obligation to buy or sell gold at a specific price up until the contract expires with a call option the contract holder reserves the right to buy gold at a specific price while a put option holder reserves the right to sell at a predetermined level to trade gold options it is necessary to have a margin brokerage account offering access to options markets 