SLV is showing a clear upward sloping channel that is pointing right at our gap target point of $38. The plan here is simple; Buy the January 2014 30 Leap calls and wait until the target price is reached. From there we will be able to determine whether to turn this into a diagonal calendar spread or just take the profits off the table.
Options Oracle: 03/01/2012
Posted on March 2, 2012 by AJ Monte in Options Oracles
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