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Trader bets on quick drop in silver ETF - Yahoo! Finance
As the iShares Silver Trust tumbled yesterday, a very short-term put spread topped option activity in the exchange-traded fund.
The SLV finished the day down 2.54 percent at $29.97, its lowest close since Jan. 19 as it recovered from a 52-week low under $26 reached at the end of 2011. The fund was above $36 at the end of March and has been falling since.
As the iShares Silver Trust tumbled yesterday, a very short-term put spread topped option activity in the exchange-traded fund.
The SLV finished the day down 2.54 percent at $29.97, its lowest close since Jan. 19 as it recovered from a 52-week low under $26 reached at the end of 2011. The fund was above $36 at the end of March and has been falling since.
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