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RE: Gallows pole for silver?

in #got7 years ago

My new trade in SLV was flagged today so I will just post the trade here since this blog has now become "unflagged." :-) I took the other side of this SLV trade today via the SLV July 7th expiry $16 strike puts. They were trading at .22 when the trade was initiated. This is a short term hedge against my longer term buy call in GDX. SLV closed right at the area it was in earlier today when I posted the trade.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gdx&x=61&y=16&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

vs

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=slv&x=40&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

I will continue to update the GDX trade at the blog where I initiated the long position last Wed, until that spew also gets flagged. ...along with this one. :-)

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