etfmsolutions: A Silver Credit Spread....10.28.15

Wednesday, October 28, 2015

A Silver Credit Spread....10.28.15

OK>>>that was a crazy market today as SPY swung from the Pivot to R3 to the pivot and then back to R3. Typical wild FED day with, as almost 100% guaranteed, the FED standing pat. Now we get to revisit the excitement frenzy in December where the consensus odds for a rate hike are about 30%.
Meanwhile, as promised, here's a credit spread, this time puts, for the silver ETF...SLV. Lots of action on the metals lately with a consensus BUY signal from the metrics panel which we'll look at a little closer tomorrow. This looks like a very high probability trade that expires on November 13th. so not a lot of time exposure.

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