SLV P/L & Charts

Here's the P/L for the SLV May 10th/$22 Calls we opened yesterday

At the fill, the P/L on the position for 1 day is 65+%

That keeps our Options Tracking Portfolio kicking some butt as we are on the right side of the trade, entering when others are selling and selling when others are buying.

SLV Updated Charts...

 It's the short term charts that caused me to take partial profits, leaving some exposure in case this move goes parabolic, but taking some extensive profits for a 1-day trade, off the table and hopefully adding the position back at better prices on a minor correction.

2 min chart also leading negative intraday

And 3 min so the divergence is migrating through longer timeframes, whereas earlier it was perfectly in line with price.

10 min SLV shows the leading positive divergence, why I like SLV longer term and why I left the AGQ long position open as the draw-down there will be much less of a concern than in calls.

The 15 min chart with a head fake move right before the reversal as usual and a leading negative divergence before the collapse, smart money was pouring out of SLV before the collapse. The leading positive now on a 15 min chart is beautiful, again, this is why I like SLV and this is my LEAST FAVORITE ASSET in the entire market to trade.