Summary of our profits week over week:
SLV traded from 15.43 to 15.89 for a profit of +$0.46
Our option collar brought in a credit of +$0.15 and was closed for -$0.45 debit for a loss of -$0.30 per share of SLV
Our put option on FXI lost -$0.02 of value
This brings our net profit per share to $0.14 X 10800 shares = $1,512 vs $166K invested or approx a 1% total return week over week.
New Trade Alert Instructions
(Step 1.) Buy multiples of 100 shares of the SLV (Silver ETF)
(Step 2.) Buy to close Aug 16, 2019 $15.50 SLV Call and let the $15 SLV put expire worthless.
(Step 3.) Leave last weeks FXI $30 Sep 20th PUT open, if you missed the trade last week, buy one put per 100 shares of SLV. (Step 4.) Per 100 shares of SLV, Sell to open Aug 23, 2019 $16.00 SLV Call and Buy to Open Aug 23, 2019 $15.50 SLV Put.
Week over week we made ~1% total return or $0.14/share new YTD return is 17.3%.
Step 1. Buy multiples of 100 shares of the SLV (Silver ETF) with no more than 45% of your total portfolio, in our model portfolio we have 40% following the SPY and 12.8% following the SLV ETF or 10,800 shares.
Step 2. Skip this step if you didn’t write our options from the previous week, note that your put option is only worth $0.01 so you’ll let it expire worthless today and only buy back your short call option on SLV.
Step 3. Leave our put option from last week on FXI open, do not add to that position and if you missed last weeks trade, you can add one FXI put for every 100 shares of SLV you’re using to follow todays new trade alert.
Step 4. Here is today’s new “atomic bomb proof” trade alert for generating safe income from the SLV ETF with an option collar trade. This trade can deliver a 100% annualized return if we win 52 weeks in a row or a 50% annualized return if we only win half.
Trade Alert Risk Profile Graphic:
Next trade alert for this portfolio releases Tuesday Noon!