That actually is a very good play. I even tried to buy some USLVF and neither E-trade or T.D. Ameritrade would allow me to buy it? Is this something I need to call in or get approved for?
It's a shame as that moves just like you say it does and it's very predictable when they are going to slam the price. Now is definitely the time to be loading USLVF.
I have been playing SLV calls, but always racing the clock and usually time it wrong. I would rather actually buy shares in something like USLVF and not have to worry about premiums fading.
News 
Market Data 
Discover 
