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| The last trade on the 60.50 SLV put would cost around $900. Suppposed to be 1 share = 1 oz, but it's trading -7.00 or so to spot and futures. So it's all about what you can afford.... if you can't afford the quality of the CME options market (I can't, so no judgement there) you can get a cheaper alternative but you're probably giving up some quality.
I prefer PSLV for silver on paper, but they don't offer options. | |
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Shorting silver.
