NaughtyPines

OPENING (IRA): SLV NOVEMBER 20TH 18 SHORT PUT

AMEX:SLV   iShares Silver Trust
... for a .46/contract credit.

Notes: 30-day at 52% with expiry-specific implied at 55.4%. Adding to my SLV (See Post Below) to establish a precious metals position in my IRA that is more scalable than GLD. I'd ordinarily ladder out here, but there's no December monthly.

Break even: 17.54.
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