Hamzei_Analytics · @HFT_StockOption
16th May 2013 from TwitLonger
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