Today in a taxable account with SLV trading at 29.65 I entered into the following transaction:
01/19/2012 STO 6 SLV Jan 27 2012 28 Puts @.15 75.46
The new weekly options on this came out today. I was so busy with other things that I missed out on last week's trade. The dollar seems to be weakening again and the precious metals bottomed a couple of weeks ago. If the trade goes against me I'll either close or roll out and down. If these puts expire worthless it is 2.94% return on margin maintenance of $2568.00 which equates to 134.1% annual.
Not bad at all.
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