Buy Alert: February 19, 2016

| February 19, 2016

Buy Alert:  February 19, 2016


Trade Details

Buy Silver Wheaton (SLW) April15th 15 Puts for $1.15 or better (lower)



The markets have stabilized somewhat, but precious metals haven’t given up any of their gains so far.  Silver is up 16% year-to-date, just trailing gold’s rise.  With strong economic news in the US this week, I think precious metals are going to lose some of their luster to investors in the coming days, particularly silver.  What’s more, SLW is trading at 93x earnings, and that’s simply not sustainable in this kind of market.

We’re going to buy April puts.  Conservative investors can take profits at $14.  Aggressive investors can hold up to $12.  For risk control, conservative traders should exit at $18, while more aggressive traders can hold down to $20.


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Category: OTW Buy Alerts