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The 1 Million Dollar Silver Short ? : BrotherJohnF - Silver Update 4/13/11 - Deficit







 

RE: (example)

Bloomberg: Silver Options Trader Bets $1 Million on Price Drop by July

The 100,000 puts, or options to sell 100 shares each of the iShares Silver Trust (SLV) at $25 by July, changed hands at the ask price of about 10 cents and exceeded the open interest of 6,054 outstanding contracts before today, indicating that a buyer of a new bearish position initiated the transaction. The ETF rose to $40.33, the highest intraday level since trading began five years ago, before falling 1.6 percent to $39.21 at 4 p.m. New York time. It hasn’t closed below $25 since November.

http://www.bloomberg.com/news/2011-04-11/silver-etf-options-trader-bets-1-million-on-37-slide-by-july.html