Monday, October 25, 2010

Selling put spreads on SLW

Three bullish critieria hit today on SLW.  Swing low is in on SLV, rising relative strength, and my 3/6 EMA has crossed positively.

A low risk trade is for me to sell the November 25 puts and buy the 20's.  For plus $.45 (credit) I am out of the trade if the gap fills and does not bounce off of it.

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