Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Thursday, February 17, 2011
SLW - low risk option trade
SLW is setting up nicely for a run higher, and if silver breaks to new highs SLW will certainly follow. A trade I am in, March 32's now looks like a add to for more conservative option investors. It sports a delta of 80%, yet there is still 5.5 to leverage on the option, and since you are deep in the money you can roll this forward if silver keeps moving higher.