Gold Option Wagers on Surge to $3,000 Was Most-Active on Nov 20th

``Call options giving owners the right to buy gold at $3,000 an ounce by December 2015 traded 7,250 contracts [Nov. 20th, 2013] on the Comex in New York, more than double the amount of the next most-active option, data compiled by Bloomberg show... "This looks like a trade with a bank on one side and a very bullish investor buying a lottery ticket on the other," James Cordier, founder of Optionsellers.com in Tampa, Florida, said in a telephone interview. "It's a big bet."'' -- For those following at home, that is close to a billion dollars of gold, at current prices.