Selling Swing: shorting SLV 49 weekly calls at .32 area vert

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Selling Swing: shorting SLV 49 weekly calls at .32 area vert

Post by MMASSASSIN »

Selling Swing: shorting SLV 49 weekly calls at .32 area vertical trough SLV 51 calls at .10-.12 area . This brings up the bearish positioning we started friday and that so far have worked out so well. Friday we shorted the 50 calls at .50 they are now .20 and went long the SLV 45 weekly puts friday at .65, those are now 1.05 but have hit 2s today. If weakness reemerges then will add to those 34 puts longs. If silver dose not have wekness follow trough and day highs are passed then would be forced to short puts perhaps a short on the SLV 42 weekly puts vertical trough 41 weekly puts