Professor Elam

Friday April 22, 2011

I have mentioned in multiple classes that one needs to read the WSJ, one needs context to provide a basis for understanding derivatives. I looked on line but for some reason do not find today's commodity column. 

It relates that a huge purchase of puts in the SLV ETF was made at a strike price of $25. The article explains this means the buyer suspects silver could fall to $25 from its over $40 lofty level now. 

Again I urge you to take a look, I will bring the article to class Monday.