Replies to post #31776 on iShares Silver Trust (SLV)

[JLS]

Closed SLV trade.

It was all options, scheduled to expire this Friday.

Price was slowly rising all day then started diving pretty fast. Decided that with only a little over two days left, not worth the risk to wait for a bounce.

After accounting for fees, the trade lasted three weeks to the day and the gain was 631%.

[JLS]

SLV trade setting up.

I only enter these metal trades at extremes. Bottom should be $15 and lower.

Therefore, waiting for a bottom reversal then will go long Calls.

Will probably start with a Call spread to bring cost down then drop the overhead Call if practical. May also sell lower Puts to help finance.

That blue zone is NOT where you enter trades. Too risky. Enter trades at extremes only, then sell in the blue zone.