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🚨 🚨 🚨 BREAKING!!! 🚨 🚨 🚨 $SLVO — a covered call ETN that sells calls on $SLV (originally invented and sold by Credit Suisse but subsequently taken over by UBS during the CS bankruptcy and merger) had a massive 8.38 trillion shares traded during the New York session today over ONE MINUTE at 13:15. Yes, you read that correctly, 8.38 trillion, with a T. The data suggests that these shares were sold, which could indicate that $SLVO is about to implode and go to $0. This would provide whoever sold these shares over 850 trillion dollars in profit based on today’s closing price of $102.74/share. Who is behind this trade? And what counterparty took the opposite side?