In late January 2015, I recommended exiting half of the SLV April 18 put for gains. Today, believing SLV could reverse higher I’m recommending that you exit the second half, while holding the long-dated SLV January 2016 18 call.
Hold all other positions.
Over the last week, we opened a new trade in the Dunkin Brands (DNKN) March 45 put. This remains on hold.
As for new trading opportunities, Lennar (LEN) is challenging triple top resistance on the idea that housing is recovering. Housing is not recovering and margin pressures are likely to weigh heavily on the Lennar stock again.
That said, consider buying to open the LEN May 2015 48 put up to $3.10.
Ian L. Cooper
Inside Value Trader