27.05.2011 - Investor uses ETF options to bet on decline in silver prices
An investor bet today that the iShares Silver Trust (SLV) exchange-traded fund will decline, using options with a strike price 17 percent below current levels, while wagering it won’t drop below $25 a share by July. More than 222,000 puts changed hands on the ETF at 12:30 p.m., with the July $25 bearish contracts the most-active in the U.S. today after more than 100,000 traded at 9:54 a.m. in New York, according to Bloomberg data..............................................Full Article: Source
Print