iShares Silver Trust (ETF) Stock Was Bought By Options Traders

 iShares Silver Trust (ETF) Stock Was Bought By Options Traders

In today’s session iShares Silver Trust (ETF) (SLV) registered an unusually high (22,100) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SLV increase. With 22,100 contracts traded and 291844 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SLV170120C00019000 closed last at: $0.2 or 9.1% down. iShares Silver Trust (ETF) (NYSEARCA:SLV) has risen 15.55% since March 29, 2016 and is uptrending. It has outperformed by 12.07% 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 $6.58 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.

SLV Company Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

More notable recent iShares Silver Trust (ETF) (NYSEARCA:SLV) news were published by: Seekingalpha.com which released: “Will The Fed Lift The iShares Silver Trust ETF?” on June 13, 2016, also Seekingalpha.com with their article: “The Outlook For Silver Mine Production” published on October 30, 2016, Etfdailynews.com published: “Silver ETFs Carry Exceptional Risk” on July 21, 2016. More interesting news about iShares Silver Trust (ETF) (NYSEARCA:SLV) were released by: Etfdailynews.com and their article: “Here’s What Election Years Mean For Silver Prices” published on October 19, 2016 as well as Etfdailynews.com‘s news article titled: “Here’s How Long-Term Silver Prices Can Get to $150/Oz” with publication date: October 26, 2016.

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