Additional action in SilverCorp Metals (SVM), which was highligheted at 12:43. Afternoon trades include a Dec 6 – 10 bearish risk-reversal at even, 4800X. 9,600 total and appears to be new positions. Shares are now up a dime to $8.07 and this appears to be opening activity — perhaps a shareholder setting up a collar amid today’s bearish options activity in the name.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.