On CNBC’s “Options Action,” Mike Khouw mentioned that iShares Silver Belief (NYSE: SLV) noticed greater than 5 instances the common each day name choices quantity traded on Monday. It usually trades round 500,000 contracts and on Monday it traded round 2.5 million contracts, defined Khouw.
Most of that exercise was concentrated within the $30-strike calls, expiring on the finish of this week, subsequent week and likewise going out to March, mentioned Khouw. Over 100,000 contracts of the March $30 calls had been traded for $2.10. The commerce breaks even at $32.10. There was additionally lots of exercise in silver futures choices because the $35 strike calls had been extraordinarily busy.
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