Once again, Pete Najarian’s proprietary heat seeker has identified unusual options action, and he thinks the activity could forecast a future advance.As a result Najarian has silver on his radar – specifically the ETF that tracks silver . “In the SLV, calls are trading at a 2 to 1 ratio over puts," he says.
Looking at the action a little more closely he says, “The Jan 32 and Jan 33 were extremely active. Also, “Feb 31 thru Feb 35’s are also active."Najarian takes the action as a sign that although the SLV has already made sharp gains, institutional investors think the metal has more room to run.But this is a trade, not an investment. "They're looking short term those institutional buyers, but they're expecting more."
* You can find our full conversation with Najarian at the beginning of this video clip.
______________________________________________________Got something to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to firstname.lastname@example.org.Page 1 of 2 | Next Page