Trade Alert 4/29/2025

We are closing our SLV put butterfly for a small loss. The exhaustion has happened in precious metals (see GLD chart) but the reversal isn’t really playing out in SLV. Sell to close:  SLV July 18th (monthly) 29.00 strike put (ratio of 1) Buy to close: SLV July 18th (monthly) 25.00 strike put (ratio of 2) Sell to close:  SLV July 18th (monthly) 21.00 strike put (ratio of 1) Credit:  0.69 Loss of -0.28 or $28.00 per spread