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Silver bull makes leveraged bet
November 3, 2009 Tue 11:30 AM CT

Precious metals rallied on technical buying today, prompting one trader to place a leveraged bet on silver.

Our tracking systems detected the purchase of 1,800 November 60 calls on the ProShares Ultra Silver (AGQ) exchange-traded fund for $3.45. An equal number of November 60 puts were written for $4.30, resulting in a net credit of $0.85. Volume exceeded open interest in both...


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