It was also a big day for optionstrading on the iShares Silver Trust (Ticker: SLV) that saw the birth of one massive bearish play that generated a ton of media attention.
Put buying on the Financial Select Sector SPDR Fund during the morning hours of the tradingday suggested some options players were preparing for the price of the underlying fund, which includes holdings in Goldman Sachs, Bank of America and Citigroup, to extend losses.