Option Strategy: Short JPM - Long SLV Trade

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#1 Wed, Jun 15, 2011 - 5:05pm
SilverSurfer21
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Arlington, VA
Joined: Jun 15, 2011
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Option Strategy: Short JPM - Long SLV Trade

I've been stacking physical for awhile now but finally decided to step my game up and get into options trading. Executed my first trade today, bought a JPM Sept 40 Put and a SLV Oct 40 call in hopes of capitalizing on bleak economic news (credit Max Keiser for the suggestion). Over the summer with debt ceiling/QE2 ending as I'm sure there will be some spikes. Also I'm pretty sure Jim Rogers was refering to JPM when he said he was shorting a very large bank stock (has to be JPM or GS)

Anyone else buying SLV calls or shorting bank stocks?

Edited by: SilverSurfer21 on Nov 8, 2014 - 5:16am