Loading ...Sometimes SLV lags while SIL has a big gain…and visa-versa…Silver is one of the last bargains on the entire investment menu–it will eventually follow gold…I dunno–nor does Ted Butler [I axed hin, once]-why SLV always has so much option buying–which doesn’t thrill me cause I don’t like to be part of a posse–that said, SLV would participate in a rally…I noticed that the SLV call buying on Friday was extraordinarily high on Friday…btw, JNUG had unusually high call buying in the 2 or 3 days leading up to Friday-
The June 21st SLV $14 call had 4694 vol and an astounding 93,903 open interest
the July 19th $14 call had 4619 vol. and 38,393 o.i.
the Dec 31 15 [FIFTEEN] buck CALL had 3534 vol. and 8938 o.i.
I ain’t sayin this is or ain’t predictive of anything but it did catch my interest. Large call buys are not always smart money…but sometimes they IZ–The huge volume in such a near expiration strike like the June 21st makes me think that buyer could be smart money…just sayin…DYOD