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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Price of silver: Headed higher

Posted on 20 August 2013

Silver still looks golden. A late July recommendation to sell puts and buy calls on the iShares Silver Trust (ticker: SLV) when the fund was trading just under $20 profitably expired Friday. The trade continues to look like a winner, so investors should re-establish a position, using a similar options strategy.
The expired trade was to buy the iShares Silver Trust August $20 call for 22 cents when the fund was below $20. When the calls expired Friday they were worth about $2.37. Traders were also advised to sell the iShares Silver Trust’s August $18 put for 39 cents, which more than paid for the August $20 call. The puts expired worthless, so investors kept the proceeds………………………………………..Full Article: Source


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VRS - who has written 38584 posts on Opalesque Commodities Briefing.


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