Silver ETF Options Trader Bets on 37% Price Decline by July

Bloomberg reported on a major trading bet that a silver ETF will fall significantly by July 2011.

The market news is quoted as saying:

The trade accounted for more than a quarter of the 356,199 silver ETF puts changing hands today, the most since November and triple the four-week average. About 1.2 puts traded for each call.

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