Tuesday, February 14, 2017

Trade 2: Ascending Triangle on SLV 15 minute

SLV is currently in an uptrend and an ascending triangle was spotted on the 15 minute chart.  After the bulls took a breather yesterday, I believe the price will continue to rise by the end of the week.

Once the price breaks above $16.95 we will test $17.15.  My strategy is to buy the Feb 17/17 $17 calls for $.13 and set my sell order at $.28.

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