iShares Silver Trust
Updated

OPENING: SLV AUGUST 21ST 17 SHORT STRADDLE

108
... for a 1.92 credit.

Notes: Rank/implied at 52/39 with the at-the-money short straddle paying 11.5% of share price. Will look to manage at 25% max or on side approaching worthless.
Trade closed: target reached
Hit 25% max today. In for 1.92; out for 1.44; .48 ($48)/contract profit.

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