Today I entered into the following short term trade:
04/24/2012 STO 3 Apr 27 2012 29.5 Puts @.22 53.71
This is a tiny 3 day trade that is attempting to take advantage of SLV falling below 30, of precious metals consolidating their lows and of some wicked time decay. Margin maintenance on the trade is $1745. The return on maintenance is 3.08% or 374% annual. If silver drops we have many options to roll down and out for a net credit. As such an exit strategy is in place.
Interesting trade of the day.
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