Selling Swing: shorting SLV 49 weekly calls at .32 area vert
Posted: Mon May 02, 2011 1:05 pm
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