Trade idea
SLV strangle
The speaker is in a strangle position on SLV, shorting the 101 call and the 119 put with 18 days to expiration. The position is considered misaligned due to the current price of SLV being $81, which is significantly below the put strike price of 119. The speaker is advised to recenter the trade by buying back the guts and adjusting the position to allow for some upside delta. The rationale is that the position is not aligned with the current market conditions, and the trader needs to adjust the strategy to account for the current price level and volatility.
View full notes
Strategystrangle
Assetcommodity
ExpirationMarch 20th
Time horizon18 days
Entry / triggercurrent price of SLV is $81
Target / exitwaiting for IV to flatten
Invalidation / stopposition makes no sense due to misalignment between strike prices and current price
SpeakerDaniel
Structure / legs- short 101 call
- short 119 put
Risks- Misalignment between strike prices and current price
- Volatility may not flatten as expected
- Potential for large losses if the underlying asset moves significantly
Trade idea
SLV volatility premium
The speaker is short volatility in the silver ETF (SLV) due to the recent sharp move in the price of silver. They are short both puts and calls, expecting the market to rally back $3, which would bring them back to a flat position. The strategy relies on the market moving in a specific direction, and the risk is that the market could move against the short position, leading to losses. The speaker acknowledges the illiquidity of the SI options and prefers SLV for better liquidity and execution.
View full notes
Strategyvolatility premium
Assetcommodity
ExpirationMarch
Time horizonshort-term
Entry / triggermarket rally back $3
Target / exitflat position
Invalidation / stopmarket moves against the short position
Speakerspeaker
Risks- market moves against the short position
- volatility increases
- liquidity issues in the options market
Trade idea
SLV volatility trading
The speaker suggests that silver is experiencing extreme volatility due to retail participation, similar to meme stocks. The market is expected to experience a sell-off, with potential for a significant price drop. The strategy involves shorting silver during this period, with a focus on the potential for a rapid decline. The risks include the possibility of a sudden price reversal or continued rally.
View full notes
Strategyvolatility trading
Assetcommodity
Time horizonShort-term (days to weeks)
Entry / triggerHigh volatility and large price swings in silver
Target / exitPrice drop of $10 per day for a week
Invalidation / stopPrice reversal or sustained rally
SpeakerLarry
Risks- Price reversal
- Sustained rally
- High volatility
Trade idea
SLV put
Silver's been kind of beat up
View full notes
Strategyput
Assetequity
ExpirationAUG
Time horizonshort-term
Entry / triggerSLV was down this morning but is now up 50 cents
Target / exit1%
Invalidation / stopAdjustment on the trade if SLV moves significantly
SpeakerTom
Risks- Market volatility
- Unexpected price movements
Trade idea
SLV scalping
The speaker mentions SLV as one of their favorite stocks to trade, indicating a preference for this ETF. The strategy involves scalping, which requires quick entry and exit to capture small profits. The speaker's focus on active trading in the equity marketplace suggests that SLV is a viable candidate for scalping due to its liquidity and market activity.
View full notes
Strategyscalping
AssetETF
Time horizonShort-term
Entry / triggerActive trading in the equity marketplace
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerTom
Risks- Market volatility
- Liquidity risk
- Execution risk
Trade idea
SLV strangle
The speaker is considering a strangle on SLV with a strike price of 6080, noting that the IVR has decreased from 100 to 32. They believe the expected move of $9 is still significant, and the trade is considered liquid enough. The speaker suggests that this is a trade worth considering due to the potential for upside and the current volatility levels.
View full notes
Strategystrangle
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggercurrent price around $66-67
Target / exitexpected move of $9
Invalidation / stopIVR down to 32
SpeakerScott
Risks- Volatility may not materialize as expected
- Market conditions can change rapidly
- The trade may not perform as anticipated due to unexpected news or events
Trade idea
SLV Put buying before a potential market crash
Buying puts on silver (SLV) before a market crash can capture significant gains if the underlying asset drops by 30%. The trade should be exited once the target is reached, and profits should be taken to avoid overexposure. This strategy requires identifying early signs of a market downturn and acting decisively to secure profits.
View full notes
StrategyPut buying before a potential market crash
AssetETF
Time horizonShort-term (days to weeks)
Entry / triggerBefore a significant market downturn
Target / exit30% drop in underlying asset
Invalidation / stopMarket reversal or failure to reach target
SpeakerScott
Risks- Market reversal
- Failure to reach target
- Volatility risk
Trade idea
SLV strangle
The speaker suggests maintaining the same strangle or adjusting the strikes up by a buck for SLV, given the stock is up slightly. This trade idea is based on the assumption that the stock will continue to move in a favorable direction, allowing for profit from the strangle. The expected move of $8 is mentioned, indicating a potential for significant price movement. The trade is considered a short-term strategy with a focus on capturing volatility.
View full notes
Strategystrangle
Assetcommodity
Expiration215
Time horizonshort-term
Entry / triggerstock is up small
Target / exitmove the strikes up by a buck
Invalidation / stopif the stock moves significantly against the trade
Speakerspeaker
Risks- market volatility
- unexpected price movements
- liquidity issues
Trade idea
SLV strangles or iron condors
The speaker recommends short strangles or iron condors in SLV when IVR is high, as the ETF's smaller size and high volatility make it a suitable candidate for volatility-based strategies. The strategy involves rolling positions forward to Feb rather than Jan, and avoiding adding to existing positions. The rationale is that high IVR indicates potential for large price swings, making volatility-based strategies more profitable. The risks include the potential for large losses if IVR drops unexpectedly or if the market moves against the position.
View full notes
Strategystrangles or iron condors
AssetETF
ExpirationFeb
Time horizonShort-term, with rolling positions forward
Entry / triggerHigh IVR
Target / exitUncertain, depends on IVR and market movement
Invalidation / stopIf IVR drops significantly or market moves against the position
SpeakerUnknown
Risks- Large losses if IVR drops
- Market movement against the position
- Need for careful position management
Trade idea
SLV strangle
The speaker is short strangles on SLV, with the put at 51.48 and the call at 52.49. The trade is based on the assumption that the stock is on its lows and will not move significantly. The speaker mentions that the trade is expected to have a 64% pop and an IVR of 31. The trade is considered a good opportunity due to the current market conditions and the potential for a profit.
View full notes
Strategystrangle
Assetcommodity
ExpirationAugust
Time horizonshort-term
Entry / triggerstock is on its lows
Target / exit1.00
Invalidation / stopif the stock moves significantly against the trade
SpeakerTony
Structure / legs- short put at 51.48
- short call at 52.49
Risks- Significant market movement against the trade
- Time decay reducing the value of the options
Trade idea
SLV put spread
The speaker sold a put spread on silver (SLV) at a dip, indicating a bullish outlook. The strategy involves buying the 48 put and selling the 51 put, which allows for profit if the price of silver rises above the short put strike price. The trade is considered a good entry point due to the dip in price, and the speaker is looking to capitalize on a potential rebound.
View full notes
Strategyput spread
Assetcommodity
Expirationlast week
Time horizonshort-term
Entry / triggerdip in silver price
Target / exitprice increase
Invalidation / stopprice drop below 48
SpeakerTom
Risks- If the price of silver drops below the 48 put strike, the trade could result in a loss.
- Market volatility could impact the effectiveness of the put spread strategy.
Trade idea
SLV scalping
The speaker discusses selling SLV at 108 and 109, then scalping the position as the price dropped. This indicates a short-term scalping strategy where the trader sells at a higher price and buys back at a lower price to profit from the price decline. The thesis is based on the trader's ability to identify short-term price movements and execute trades quickly to capitalize on the price difference.
View full notes
Strategyscalping
AssetETF
Time horizonshort-term
Entry / triggerPrice above a certain level
Target / exitPrice below the entry level
Invalidation / stopPrice above the entry level
SpeakerUnknown
Risks- Price could move against the trade
- Slippage in execution
- Market volatility
Q&A
What is the current price of SLV?
SLV is up 50 cents, which is a decent size move. 1%, but it probably was down when he looked at it.
View full notes
Actionable takeawayThe price of SLV has increased by 50 cents, indicating a positive movement.
Q&A
What are your three favorite stocks to trade and why?
The speaker lists SLV, GLD, and MU as their favorite stocks to trade. They mention that these stocks are popular due to their liquidity and market activity. The speaker also notes that their choice of stocks can vary based on current market conditions and personal trading preferences.
View full notes
Actionable takeawayStock selection can vary based on market conditions and personal trading preferences. Liquidity and market activity are important factors in choosing stocks for trading.
Q&A
What is the current state of the market?
The speaker discusses the current market conditions, noting that Bitcoin is down 460, oil is down 23, S&P 500 is up 27, gold is up 49, NASDAQ is up 185, silver is up 377, VIX futures are down 23, and cash is down 24. The speaker also mentions Micron's stock is up 21 in change today.
View full notes
Actionable takeawayThe market is showing mixed performance with some assets rising and others falling, indicating a volatile environment.
Q&A
What is the current market performance of S&P, NASDAQ, gold, oil, silver, and Bitcoin?
The S&P is up 60, NASDAQ is up 593, gold is down 22, oil is down $30, silver is down a dollar, and Bitcoin is up 35. This indicates a mixed performance across different asset classes.
View full notes
Actionable takeawayThe market is showing mixed performance with equities and Bitcoin rising while precious metals are falling.
Q&A
What is the current price of SLV?
The speaker mentions that SLV was trading around 106ish, with a peak of 10983. This indicates the price was fluctuating around the 106-109 range.
View full notes
Actionable takeawayThe price of SLV was fluctuating around the 106-109 range, with a peak of 10983.