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Understanding iShares Silver Trust's Unusual Options Activity

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 3 days ago

IShares Silver Trust (NYSE:SLV) shares experienced unusual options activity on Friday. The stock price moved up to $26.09 following the option alert. One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).