After closing many wins since late July 2014, we do have some losses. But we continue to hold all open positions.
Today, we have a new trade. And it should work out beautifully.
It’s silver. It’s over-extended to the downside on MACD and RSI, as the underlying catches support at prior resistance. Believing its ready to bounce, we’re recommending that you buy to open one or both of these trades.
- Buy to open the SLV November 2014 18 call up to $1.40…
- And, or buy to open the SLV December 2014 18 call up to $1.50.
We believe both should perform well.
The last time we played silver, we bought the SLV September 2014 20 put and walked with gains of 50% and 67% in just over a month’s time. Silver was over-extended to the upside at that point, challenging heavy overhead resistance.