Yesterday’s whacky action saw SLV spike to within a dime of our short offer. I’d given a rally target at 42.68, but re-measuring the pattern has refined it to 42.60. There are too many variables to provide a “safe” entry strategy Monday night for Tuesday, but I’ll provide a speculative one nonetheless for anyone feeling bold: Bid 1.26 four four May 41 puts, stop 1.12.
