20.08.2013 - Price of silver: Headed higher
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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