Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Dec 2 4:00 PM EST

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To: GROUND ZERO™ who wrote (18583)	5/6/2011 12:31:33 PM
From: bull_dozer	Read Replies (2) of 219577

As 88% Of SLV Shares Outstanding Trade Yesterday, The "Silver Put Buyer" Generates A 68,294,229,502,717.3% Annualized Return And just as amusing: for those who recall our post from April 11 in which we highlighted that an SLV put buyer bought roughly $1 million in SLV $25 July puts, well we have an update: as of today, the same mysterious buyer has now made about a 500% return on his or her investment (with a peak of 700% yesterday, or about 68,294,229,502,717.3% annualized). So fascinated is the market with this development that even Dow Jones has dedicated a column on it: "Market watchers want the anonymous April silver bear in listed options to take a bow. The unknown investor's mid-April $1M bet that iShares Silver Trust (SLV) would hit $25 or lower before mid-July is worth more than $7M after this week's plunge. Not just the drop in price, but huge jump in price volatility, has goosed has enriched this trader's options position. "The investor didn't get this trade right. He or she got it spectacularly right." zerohedge.com

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