$SLV forming nice bull pennant on weekly

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SLV looks primed to break out if it can hold the VWAP anchored off the March lows. Nearing the pennant convergence, declining volume, and clearly formed pennant. I entered some long June 2021 $21 calls today. Will add more if it breaks out of the pennant as I anticipate that it will.

١٥ ديسمبر ٢٠٢٠

ملاحظة

Breakout and a quick backtest. In some long June 2021 calls. Still leery of an overall left tail/ deflationary event, so I may look to take some profit on these in the near term and focus my capital on IWM puts.