Trade Alert – (SLV) February 2, 2026 – TAKE PROFITS – SELL

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

 

Trade Alert – (SLV) – TAKE PROFITS

SELL the iShares Silver Trust (SLV) February 2026 $50-$55 vertical BULL CALL debit spread at $4.70 or best

 

Closing Trade

2-2-2026

expiration date: February 20, 2026

Portfolio weighting: 10%

Number of Contracts = 25 contracts

If you can’t stand the heat, get out of the kitchen.

Solver has already seen a $9 range today, from $71 to $80, and the stock market hasn’t even opened yet. Gold has already traded as low as $4,100, down 16% from the Thursday all-time high. It is clear that the forced liquidations in precious metals aren’t over yet.

My goal is to send you trades that you can sleep with at night. (SLV) no longer meets that criteria.

In addition, Bitcoin melted down another 12% over the weekend to as low as $74,000, not helping risk-taking at all. It is time to take a small profit on our position and take the money and run. (SLV) is unchanged from where we added this position on Friday. However, we did catch a weekend’s worth of time decay and a drop in implied volatility from a staggering 110%.

Therefore, I am selling the iShares Silver Trust (SLV) February 2026 $50-$55 vertical BULL CALL debit spread at $4.70 or best.

As a result, you get to take home $750 or 6.81% in 1 trading day. Well done, and on to the next trade.

DO NOT PLACE A MARKET ORDER UNDER ANY CIRCUMSTANCES. JUST PLACE A LIMIT ORDER AND WORK IT UNTIL DONE.

The iShares Silver Trust (SLV) is a play on physical silver.

Silver is an investment much like other precious metals. It has been regarded as a form of money and a store of value for more than 4,000 years. You can find silver relics that the Pharaohs used in Egypt’s National Museum at the foot of the Great Pyramid. 

Silver lost its role as legal tender in developed countries when the use of the silver standard came to an end in 1935. Some countries still mint silver coins and collector coins, such as the American Silver Eagle with nominal face values. The main demand for silver was for industrial applications (40%), jewelry, bullion, and ETFs. Global silver reserves amounted to 610,000 metric tonnes at the end of 2023.

The (SLV) is part of the BlackRock family of ETFs, with $10.6 billion in assets under management, and an expense ratio of 0.50%. It is priced off the open market for silver bullion traded on the LBMA, or the London Bullion Metals Exchange. The silver is held in the exchange vaults in London. The world’s largest banks are the market makers in the LBMA, including:

Citibank N A.

Goldman Sachs International.

HSBC Bank Plc.

JP Morgan Chase Bank.

UBS AG.

Morgan Stanley & Co International Plc.

The LBMA headquarters are next door to the Bank of England and down the street from my old office at Morgan Stanley in the City of London. LMBA holds 25,612 metric tonnes of silver, valued at $20.2 billion, which equates to approximately 823,451 silver bars. For more information about the LBMA, please click here to visit their website.

For details about the actual holdings of The iShares Silver Trust, please click here.

This was a bet that the (SLV) would not fall below $55.00 by the February 20 option expiration in 19 trading days.

Here are the specific trades you need to exit this position:

Sell 25 February 2026 (SLV) $50 calls at………….……….…$25.00

Buy to cover short 25 February 2026 (SLV) $55 calls at…$20.30

Net Proceeds:………………………..………….……………………….$4.70

Profit: $4.70 – $4.40 = $0.30

(25 X 100 X $0.30) = $750 or 6.81% in 1 trading day.

 

 

 

 

 

If you are uncertain about how to execute an options spread, please watch my training video by clicking here.

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep-in-the-money spread trades can be enormous.

Don’t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.