Yesterday in a taxable account with SLV at ~ 26.30 I entered into the following transaction:
12/28/2011 STO 7 SLV Dec 30 2011 25 Puts@.12 68.66
This is a 2 day trade on $2900 in margin maintenance. Time decay is a great ally here. If they expire worthless it will earn 2.36% or 430.7% annual. If silver continues to collapse I will probably roll this position.
Some interesting moves.
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