**Investors in the Ishares Silver Trust (SLV) are seeing new options trading for expiration on April 22, with significant activity surrounding two specific contracts**. The put option at the $63.00 strike price has a current bid of $2.37, potentially allowing investors to acquire shares at an effective cost basis of $60.63. This represents about a 1% discount from the current trading price of $63.72, with analysts suggesting a 62% chance that the put will expire worthless.
On the call side, a $67.00 strike price call has a bid of $2.44, offering a potential total return of 8.98% if the stock is called away by expiration. This strike is approximately 5% above the current share price, with a 56% probability of the contract expiring worthless. The implied volatility for the put is 65% and for the call is 63%, with actual trailing volatility measured at 60% over the past 250 trading days.
