The largest single trade was SLV Feb 14 calls swept on the ISE for .20.?
iShares Silver Trust ETF, SLV, ?was trading at 13.34, down .28, has an IV30 of 23.61 (down .83%), an HV10 of 19.82%, an ADV of 42,000, and open interest of 2.25 million contracts. The ETF saw a large call sweeping today in which traders bought calls in January, all the way out to July of 2016.? The largest single trade was the Feb 14 calls which were swept on the ISE for .20.? These calls were likely a customer call purchase and totaled 10,000 traded at once.
The customer believes in the continued strength of some of the precious metals and may think that Silver could make a run higher by February expiration.? If SLV heads above 14.20 by Feb expiration the trader could do much better.
This trade should be considered extremely bullish SLV and volatility.