Author holds SLV calls and wants out of SLV due to delivery-failure concerns and new emergency rules, while viewing PAAS and HL as too crowded.
SLV — AVOID The author holds SLV call options but wants out of SLV because of an approaching failure to deliver and new rules allowing SLV to null and void everything in an emergency. He plans to exit and rotate into far OTM leaps after waiting for growth in the call option chains of PAAS and HL. The stated risk is the structural/rule risk in SLV itself.
Now I can't sleep. I really want out of SLV, due to the failure to deliver that appears to be approaching, and the new rules they added where SLV can null and void everything in the event of an emergency.