Many were quick to pooh-pooh the famously anonymous Apr. 11 $1M bet on silver puts - which is...

|By:, SA News Editor

Many were quick to pooh-pooh the famously anonymous Apr. 11 $1M bet on silver puts - which is now worth a cool $7M thanks to the subsequent spike in implied volatility. "The investor didn't get this trade right," Andrew Wilkinson writes, "He or she got it spectacularly right." For others, "it could be a long day in hell before investors feel they can afford to trade silver again."