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Bullish Trader Buys Silver ETF Options
OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.
David Russell, reporter for OptionMonster.
NEW YORK (TheStreet) -- Precious metals rallied on technical buying today, prompting one trader to place a leveraged bet on silver.
OptionMonster's tracking systems detected the purchase of 1,800 November 60 calls on the ProShares Ultra Silver(AGQ Quote) exchange traded fund for $3.45. An equal number of November 60 puts were written for $4.30, resulting in a net credit of 85 cents. Volume exceeded open interest in both strikes. ...
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