SLV - Five Month Income Play
I'm looking for a down week in SLV. It could drop to $17, testing the lows set three weeks ago. If it holds the lows,
I will buy SLV at $17 and sell the March 31 $18 option. A
t current prices, SLV Mar31 $18 sells for $152. Amortized over five months, a 1.71%, or $30.19 per month is earned (27% annualized). A lower stock price will improve this percentage.
I will buy SLV at $17 and sell the March 31 $18 option. A
t current prices, SLV Mar31 $18 sells for $152. Amortized over five months, a 1.71%, or $30.19 per month is earned (27% annualized). A lower stock price will improve this percentage.
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