Hello Investors,
We had previously sold our precious metal position (IAU). We are looking to replace it by selling some naked puts in Silver (SLV). We went into a deep discussion on historical ratios of Gold vs Silver and why we think SLV could be a great play here! In addition, we discussed markets, VIX and many other topics in our meeting today.
Sold to open: SLV April 17th (monthly) 11.00 strike puts for +0.76 credit (naked puts that require us to buy the stock if it is below 11/share at expiration.
We bought 8 shares of ABBV at 70.91 per share (we will acquire ABBV shares and cash when the deal with AGN closes).
We bought 10 shares of EFA at 47.81 per share.
We will have a short meeting on Friday morning for options expiration.
Happy Trading!