mak337

$SLV forming nice bull pennant on weekly

Long
mak337 Aggiornato   
AMEX:SLV   iShares Silver Trust
$SLV looks primed to break out if it can hold the VWAP anchored off the March lows. Nearing the pennant convergence, declining volume, and clearly formed pennant. I entered some long June 2021 $21 calls today. Will add more if it breaks out of the pennant as I anticipate that it will.
Commento:
Breakout and a quick backtest. In some long June 2021 calls. Still leery of an overall left tail/ deflationary event, so I may look to take some profit on these in the near term and focus my capital on $IWM puts.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.