So I just loaded up on June 36 calls on the SLV. I have seen this too many times when an oversold condition like this slingshots back on a one day nasty rally. I am in for the double. Position is at 2.25 and I put about 50k total in them. I am looking for a double. SLV will most likely move a little lower but when the rebound comes it will be a nasty spike to the upside. (12 years of trading and my gut is calling to me on this trade). I'm willing to take the loss on the trade but think I will come out ahead.