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Heat Seeker IDs Unusual Action in White Metal
CNBC.com | January 25, 2012 | 06:32 PM EST

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.

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