Investor Uses ETF Options to Bet on Decline in Silver Prices

Bloomberg reported on an investor’s bet that the iShares Silver Trust ETF will drop.

The market news is quoted as saying:

The trade may have been part of a spread with July $30 puts, according to Frederic Ruffy, a senior options strategist at New York-based WhatsTrading.com, and Ophir Gottlieb, head of client services at San Francisco-based Livevol Inc., both providers of options-market analytics.

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