Shares of the (SLV) iShares Silver Trust are down .47 to 22.15.? SLV is trading near the lows of the year.
Today paper traded 5500 SLV Oct 21.5 puts for 1.90.?? Average volume is 130,000.? Open interest is 868.
This trade went up close to the offer marked buy-write on opening paper.? Most likely it is a puts and stock trade looking for some type of long gamma position.? The IV went up 1.0 in Oct.
30-day implied volatility is 34%.?? 10-day implied volatility is 76%.? 30-day implied volatility is trading below the 10-day historical volatility.
iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust.