MomentumOptions.com Profit Alert (SLV) for 8/31/2023

2:55pm (EST)

We have a Profit Alert today so let’s go check the tape.

Profit Alert!

iShares Silver Trust (SLV, $22.42, down $0.15)

SLV October 22 calls (SLV231020C00022000, $1.05, down $0.10)

Entry Price: $0.60 (8/22/2023)
Exit Target: $1.80
Return: 67%
Stop Target: $1 (Stop Limit)

Action: The Stop Limit at $1 has tripped today as the low has reached 98 cents. We can look to get back into SLV tomorrow or next if shares stay strong.

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