# The Inflation Ghost, Gold and Options

Page: https://stenobird.com/podcast/the-macro-trading-floor-5344938/the-inflation-ghost-gold-and-options
Text version: https://stenobird.com/podcast/the-macro-trading-floor-5344938/the-inflation-ghost-gold-and-options.md
Podcast: [The Macro Trading Floor](https://stenobird.com/podcast/the-macro-trading-floor-5344938)
Published: 2026-05-22T15:04:00+00:00
Episode link: https://traffic.megaphone.fm/ALFINVESTMENTSTRATEGYBV5638999488.mp3
Audio file: https://traffic.megaphone.fm/ALFINVESTMENTSTRATEGYBV5638999488.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-macro-trading-floor-5344938/episodes/the-inflation-ghost-gold-and-options
Duration seconds: 2245

## Resource

To reach out to Alf: alf@palinurocapital.com (or Alfonso Peccatiello on BBG) To reach out to Brent: bdonnelly@spectramarkets.com (or Brent Donnelly on BBG) In this episode, Alf and Brent discuss the best risk/reward ways to position for the macro environment ahead of us. They then deep dive into option structures around gold, and the question of increasing sample size of trades to reduce PnL variance against the risk of downgrading your edge and expected value per trade when the sample size increases.

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## Transcript

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