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Alan Knuckman iShares Silver Trust ETF Trade

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Alan Knuckman of Bulls-Eye suggested on Bloomberg Markets a bullish options strategy in iShares Silver Trust (ETF) (NYSE: SLV).

He believes that silver could move higher after the recent pullback and he wants to buy the January 15 call in the ETF for $3.25. The call options is deep in the money and it's going to behave pretty similar to the underlying for much lower capital investment, explained Knuckman. The trade breaks even at $18.25, which is $0.53 or 3 percent above the current stock price.

If iShares Silver Trust (ETF) returns to its 52-week high, close to $20, the call is going to gain 60 percent, said Knuckman.

Posted-In: Alan Knuckman Bloomberg Markets Bulls-EyeOptions Markets Media

 

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