Friday, September 14, 2012

$SLV Options Action web extra trade - scott

14 sep - scott talking at SLV trade in the options action web extra, heres the video clip SLV clip

Buy the Dec 33.50/37 call spread for 1.20

i dont follow silver, gold either really.. but seems like most on the network are buying into the belief that both are going higher thanks to the Fed actions. scotts setup is straight forward and goes out a few months to give it time to work, max profit at 37 or above. only alternative that would come to mind is a risk reversal or call spread risk reversal... selling a put to finance this trade if you have the margin for it. see all of scotts on-air trades in this google docs spreadsheet

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