Underline stock: SLV
Entry date: March 8, 2013
Entry price: $28 per contract
Strategy applied: Selling April 26.50 short put. This is a bullish
strategy.
Reasons to enter the trade:
·
Technical: SLV has a support level at $27.00.
We sell April $26.50 short put to give ourselves an extra $0.50 cushions.
·
Probability: SLV has a chance of approximately
75.50% of staying out-of-the-money for April 26.50 put.
Cheers,
Dennis Phan 潘家墉
10 March 2013
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