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.

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