Out of SLV put

I was short SLV via a Jan put, and today I closed it out for a profit. Because it’s expiring in 7 days, I didn’t want to hold and risk a rally in Silver prices. However, it was a hard decision because of the fact that gold just broke down from an ending diagonal, and when that happens, prices can drop very quickly. Either way, it was a nice trade!

1 comment:

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