Via Soren K. and MarketSlant
We received an interesting note from George Gero at RBC today for which we thank him. First the facts.
Today, someone traded a large block of Silver Options
The options were June $21.00 calls
Number of contracts traded was 3,100 lots at a price of 16.3 cents
Volume is approximately 2.56% of the aggregate open interest.
Initiating interest was apparently from the sell side as the price was a full Vol under previous.
Option delta was 15 and is not typical of...