Thursday, August 29, 2013

GDX / SLV P/L

DUST has been doing great, it's a very appropriate vehicle in my view for this type of position, GDX was a bit too early and the premium was difficult to overcome, but it was overcome this morning and I didn't want to risk losing that position again on a corrective move.

SLV $24 Puts were opened Tuesday



GDX at the fill of $2.81 and cost basis of $2.45 came in at nearly +14.7%





SLV was filled in two orders, both at $1.46 with a cost basis of $1.12 for +30%

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