Quote from ForexForex:
Bought 4 contracts SLV May 2011 36.00 puts @ $0.93. Expiry May 20, 2011
http://finance.yahoo.com/q?s=SLV110521P00036000
Quote from ForexForex:
Big mistake ..... the market always gives participants a 2nd chance to get out after the big peak - today was that day. Two days ago I posted this SLV chart to the end of 2011. As you can we are heading to the $18.00 range during the next few months, plus IV will slowly dwindle.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3177941#post3177941 - The 2nd chance to get out is clearly visible, it's at the 30ish mark just inside the green.
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The market doesn't like bag holders.
