Is Buying Stock Like iShares Silver Trust (ETF) Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like iShares Silver Trust (ETF) Good Idea After Today's Bearish Options Activity?

In today’s session iShares Silver Trust (ETF) (SLV) recorded an unusually high (5,005) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SLV decrease. With 5,005 contracts traded and 63914 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SLV170120P00016000 closed last at: $0.19 or 5% down. iShares Silver Trust (ETF) (NYSEARCA:SLV) has risen 26.11% since March 1, 2016 and is uptrending. It has outperformed by 16.87% the S&P500.

iShares Silver Trust owns silver transferred to the Trust in exchange for shares issued by the Trust. The ETF has a market cap of $6.49 billion. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. It currently has negative earnings. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.

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