Silver’s call skew on Comex, which measures the spread between prices for calls and puts, surged to a multi-month high of 21.2545 on Thursday, as investors added bets (calls) to position for a rally in the semi-precious metals.
“Silver options join the Reddit craze: The call skew for silver options on Comex jumped as sellers pulled back their offers,” tweeted macro analyst Holger Zschaepitz.
The US stocks such GameStop and few others have witnessed a Reddit-fueled day-trading craze this week.
An ounce of silver is changing hands at $26.19 at press time. The metal jumped 5% to $26.96 on Thursday.
View more information: https://www.fxstreet.com/news/silvers-call-skew-surges-indicating-bullish-mood-202101290313