At least one investor is expressing bullishness, betting on iShares Silver Trust ETF (SLV Quote) and boosting normal daily volume more than 20-fold today.

Between 1 p.m. EDT and 2 p.m. EDT, an investor sold 100,000 SLV Jan. 2010 13 puts and simultaneously bought 75,000 SLV Jan. 2010 14 calls. He also sold 100,000 Jan. 2010 19 calls in the name. Normal daily options volume in SLV is around 10,000 option contracts, but approximately 220,000 SLV options have traded with about half an hour left to go in the trading day.  

SLV stock is currently trading at $15.44, up 51 cents on the day. These shares have rallied almost 100% since reaching a 52-week low on Oct. 27 last year (the stock sank to $8.85), and one customer is betting that SLV stock will climb higher than $14, but stay below $19 come January expiration.

Current open interest of the Jan 2010 13 puts is 6,900. The Jan. 2010 14 calls are home to current open interest of 4,000, while current open interest of the Jan. 2010 19 calls is 20,700.

The investor sold the Jan. 2010 13 puts at 80 cents per contract, and bought the Jan. 2010 14-19 call spread for $3.45.

Full Story: http://www.thestreet.com/story/10507290/1/options-traders-bullish-on-silver.html?cm_ven=GOOGLEFI

Last 5 posts by ETF Daily News

• The Most Expensive ETFs You’ll Never Need - June 8th, 2009
• What Warren Buffett Thinks About ETFs - June 8th, 2009
• National Inflation Association Report: Our Favorite ETFs and ETNs - June 8th, 2009
• How To Stay Afloat Through Your ETF’s Liquidation - June 8th, 2009
• Fink Aspires to No. 1 Fund Manager With Barclays Unit - June 8th, 2009