iShares Silver Trust (SLV) July puts (options) says it could go down to $25!!

[Robert]

Read more: http://community.nasdaq.com/News/2011-04/put-buyers-think-silver-may-be-losing-luster.aspx?storyid=70450#ixzz1JLWyLp7k

The July 25 puts were the most active strike, trading almost 105,000 times so far today. A single purchase of 95,000 contracts for $0.10 accounted for the bulk of the activity. Investors also snapped up the April 39 puts for $0.23 to $0.30 and the April 40s for $0.57 to $0.69.

link to yahoo:

http://finance.yahoo.com/q/op?s=SLV&m=2011-07

strike price @25 vol - 6,822 open int - 106,605

[mamboni]

JPM: "Release the Kracken!"

[mike88]

ballsy move with all the black swans loose lately. Japan, Libya,big deficit levels in major countries, food shortages. I would believe 65/oz silver by july.

[SilverMagnet]

"Yahoo Finance" ?

I would suggest looking into other non-mainstream news sources for info into this historical Silver price rise.

Silver up 4% while Gold is up 1%

The party is just getting started.

[Neuro]

SLV can go to zero after the issuers of their underlying futures are unable to deliver on their promise. Probably you wouldn't get payed anything on these options at that point anyway...