OptionsHouse

Options Trading News

March 17, 2014  Mon 11:01 AM CT

SLV: SEE CHART GET CHAIN FIND STRATEGIES
Traders are looking for the iShares Silver Fund to break out of its recent range.

More than 73,000 SLV options have changed hands today, already topping the its full-session average for the last month. Much of the action was in the July 22 calls, where 40,000 contracts have been purchased with the largest block of 25,000 going for $0.77, according to optionMONSTER's Heat Seeker system system. This is clearly fresh buying, as the volume was well above the strike's previous open interest of 12,965.

Just before those trades, our scanners show that 7,250 March 20 calls were sold for the bid price of $0.65. So part of today's action could be traders rolling positions from March to July. (See our Education section)

The SLV is down 0.47 percent to $20.52 in midday trading. The exchange-traded fund is in the middle of its recent range between $20 and $21 for the last month. Shares were above $23 back in August.
Share this article with your friends


Related Stories

SLV

Momentum bulls not done with silver

July 6, 2016

The iShares Silver Trust Fund has surged 32 percent in the last three months, and traders are betting that the strong uptrend will continue.

OptionsHouse

Premium Services

Education & Strategy

Keep it simple

One of the appealing features about options trading is that different options can be combined to create a large variety of risk vs. reward profiles.

View more education articles »