Underline stock: SLV
The Reason:
Buy July 22/24 vertical calls and finance the trade by selling July
19 short put. This is a bullish strategy.
The Trade:
SLV takes a big hit recently and I believe silver price will bounce
up.
I buy July 22/24 vertical calls for $390 per contract. To finance
this trade, I sell July 19 put for the exact amount to offset the cost of
my trade.
Cheers,
Dennis Phan 潘家墉
07 June 2013
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