Schaeffer's Trading Floor Blog: Pessimistic Speculation Spikes on iShares Silver Trust

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Mon Oct 5, 2009 3:58pm EDT 

CINCINNATI--(Business Wire)--
Put volume was unusually heavy last Friday on iShares Silver Trust (NYSE: SLV),
with activity ramping up to five times the norm. During the course of the
session, traders on the International Securities Exchange (ISE) bought to open
26,684 puts on SLV, compared to just 1,374 calls. 

In fact, the security's 10-day ISE put/call volume ratio of 2.15 ranks higher
than nearly 91% of comparable readings taken during the past year, revealing
that traders have rarely snapped up bearish bets over bullish at a faster pace. 

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Schaeffer's Investment Research
Elizabeth Harrow, 513-589-3800
eharrow@sir-inc.com

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