iShares Silver Trust (SLV)

[JLS]

SLV options trade,

Started on another board. Moving it here. See links at bottom.

My style is to get into a trade at extremes then get out when it looks dicey. IMO, recent history says SLV looks dicey at $16.

Since my last post I Bought-To-Close (BTC) the $14.50 Puts that I originally sold to partially finance the Long Calls, so now the total cost (not counting commissions) to enter the trade is $0.07 per equivalent share (or $350 for the 50 Calls).

Why close the Puts? So I can sell more Puts as price hesitates crossing SMA(50) and as expiration nears, and I don't want to accumulate Short Puts beyond what is needed to turn this into what could be an essentially free trade. I want to see a day of Closing prices above SMA(50), then I'll sell Puts priced at or below SMA(50).

Most recent post at top (so it's best to start at the bottom):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136896658
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136870796
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136868590
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136867964
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136837705