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Brandon just caught a massive institutional trade in gold that disappeared from most platforms within hours.

292,000 contracts. One trade. Hidden in plain sight while gold ripped nearly 2% today.

Even ThinkorSwim lost the data by the afternoon.

Everyone saw gold hitting new highs. Most traders missed the smart money quietly repositioning underneath the rally.

Here's what Brandon spotted: A massive roll in GLD from the October 17th $355 calls to the $370 calls. Someone moved nearly 300,000 contracts in a single trade while gold was trading at $365.

Brandon breaks down three critical takeaways from this print:

• First, it's profit taking. They sold deep in-the-money $355 calls worth roughly $11 per contract. At an 80 delta, these were essentially long stock positions. Someone's locking in gains after gold's parabolic run since Powell's Jackson Hole speech on August 22nd.
• Second, it's still bullish. They didn't just exit. They scaled up and bought roughly three times as many $370 calls. That's leaving significant profits on the table intentionally. You don't do that unless you expect gold to push higher.
• Third, $370 is the target. That's only $5 above current levels. Brandon shows this isn't random. They're refreshing their strike selection and raising the bar from the old in-the-money position to a new near-term target.

The trade structure reveals conviction. They could have taken all profits and walked away. Instead, they're keeping more skin in the game at higher strikes.

Brandon then walks through exactly how to play this setup using vertical spreads. The skew is flat to slightly favorable. You can structure a 368/370 call spread for October 17th at just 71 cents with edge built in. If gold hits that $370 target, you're looking at closing it out for $1.20. That's a 70% gain on a tight, high-probability move.

Want more time? Brandon shows the November 14th version costs 83 cents with better probabilities and the same target structure.

The bigger picture matters here. Gold has outperformed every sector over the past 6 and 12 weeks. It's up 3.37% in just the last week, topping even technology. The dollar weakness from rate cut expectations is driving this move. Institutional players are clearly positioned for more upside while taking risk off the table.

Most traders will never see prints like this. Professional platforms literally lost the data by afternoon. Brandon's Ghost Prints surveillance console caught it in real time and tracked the entire sequence.

Video Length: 00:12:47

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