May 16, 2013


Silver ETF (SLV)


Bias: Bearish
Price Target $21


We are bearish on SLV and want to purchase some puts to take advantage of the possible move lower.
We will exit this trade when our target of $21.00 is reached or we have gained over 40% in profit from our initial entry. Should the price action move against us, we will take a loss at about $23.00



BUY To OPEN 3 SLV July-20 SLV 22 Puts trading at $1.08

SLV is now trading at $21.99
These puts are trading at $1.08
The Total debit of this trade is $3.24


Do not pay over $1.15 per put

Day Order Only

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