After making a downside argument for silver on July 1, 2014, the metal has come down nicely. It’s now priced just under $19.60 and falling, failing at double top resistance. The move has now sent our SLV September 20 put from a 60-cent entry price to just under 90 cents. We’re recommending that you sell to close just HALF of that position for gains now.
Also, just this morning we issued a buy on the Kandi (KNDI) September 19 put up to $3.50. Hours later, the stock is down $1.45 and falling. Those put options now trade at $4.10. We’ve already heard that a couple of you are sitting on a gain of 34% already in hours. Hold.