WOW, not sure what they are planning to do with the gold price.
I I think you meant $3 PUTS. That is almost $1 million just to play. Could be a hedge, but could also be that someone knows something and this is going much lower.
Seems like a bold move considering gold might pop by then. They must have another side to that position. Maybe balancing a long gold/miners somewhere.
Sentiment: Strong Sell