An example I will give you. I bought SLV and SLV call
options (JAN 2021) yesterday. i like SLV long term but gold
and silver have a lot of volatility. This am SLV was not
acting well so I dumped it and bought DSLV but kept my SLV call
because it goes out to 2021. Once SLV bottoms out, I will
sell DSLV (hopefully capture a small gain instead of a loss) and
keep the Call. Or I could have bought PUTS going out to June
and kept both SLV ETF and CALL positions but I decided to
keep the Call option and just play the ETF side.
Yesterday I noticed that the MA ribbon the GDX/GLD ratio got too
wide, really needs to do some reversion to mean come in a bit.
Like I said below gold on daily could be forming a triangle
of some sort or it might need a deeper ABC pullback, either way
that are needs consolidation
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An example I will give
Closed the IWM puts and SPY puts this am. ...
Posted by ssaffer on 30th of Apr 2020 at 02:08 pm
An example I will give you. I bought SLV and SLV call options (JAN 2021) yesterday. i like SLV long term but gold and silver have a lot of volatility. This am SLV was not acting well so I dumped it and bought DSLV but kept my SLV call because it goes out to 2021. Once SLV bottoms out, I will sell DSLV (hopefully capture a small gain instead of a loss) and keep the Call. Or I could have bought PUTS going out to June and kept both SLV ETF and CALL positions but I decided to keep the Call option and just play the ETF side.
Yesterday I noticed that the
Posted by matt on 30th of Apr 2020 at 02:24 pm
Yesterday I noticed that the MA ribbon the GDX/GLD ratio got too wide, really needs to do some reversion to mean come in a bit. Like I said below gold on daily could be forming a triangle of some sort or it might need a deeper ABC pullback, either way that are needs consolidation