After buying a put on silver on the 26th (price: EUR 2.10, DE000GV1KN65), I sold the first tranche on Friday at EUR 5.16 and the second tranche today at EUR 9.50. I still hold just under a third of the position. I still hold just under a third of the position.
If it goes below 70 euros today, I will probably sell the rest.
It's quite possible that it could go down even further. But due to the implied vola, the bond is very expensive without it and I don't want to run into a situation where small upward movements cause the bond to drop like a stone.
I immediately invest the profit in more $ALV (+0,69%) to push my portfolio a little more into dividends again.
I wish you all a successful trading week!
