(https://www.cnbc.com/2026/08/24/a-massive-trade-just-happened-in-gold-the-options-market-is-buzzing.html)—116,000 contracts expiring in less than a month. That's not noise. That's a macro hedge. The setup screams institutional unwind protection: if NVDA implodes Wednesday or Jackson Hole kills the soft-landing narrative, gold rallies hard and this position prints. If tech holds, it expires worthless.

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