Silver Puts…Trade Alert!

The Silver Calls are trading around 60 cents, basically doubling in a couple of days.

In today’s A.M. Look we were looking to pay for this trade any where near the 200 day for the all session (app 30.60).

The pit session closed right on it @ 30.75.

We are going to take 40% of this trade off today.

Sell 40% of our Long calls.

We want to have downside into late week, when the metals will get busy Wed into Friday.

By selling out a percentage of our Long calls we can endure any volatility since we won’t be
in a position to lose money.

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