Behind the Silver

I could watch a half hour feature on the making of this video, but alas it’s just a minute long.

Anyway, lot’s of SLV trading. At least someone’s at the desks this week. Here’s some trades from yesterday, via Cuttone and Company.

The Vale SA (VALE) Jan/Feb 29 put spread was bought for $0.78, 10,000 times with no stock, in an opening trade that had almost no delta to it.  This is a bet that the time between January and February expiries will be more volatile than the time prior to January 16th.

In what could have been a roll, the iShares Silver Trust (SLV) Jan 15 puts were sold 40,000 times versus buying the Feb 15 and Apr 15 puts 20,000 times each.  The investor paid $0.34 for the 40,000 spreads.  This is a negative 36 delta trade, representing a short 1.44 million shares of SLV.

 Also in SLV, in what looks like another roll, Jan/Mar 13 put spread was bought 40,000 times for $0.18 with no stock.  This is a negative 8 delta trade, representing 320,000 shares.


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