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Started By
Message
re: SLV
Posted on 12/10/13 at 10:01 am to Iowa Golfer
Posted on 12/10/13 at 10:01 am to Iowa Golfer
Welcome to TD.com!
) when it comes to college sports based message boards. (The board's admins are pretty good, too. )
BTW, I was in the stands at the Cap One Bowl when Iowa won the game on the last play of the game.
quote:Thank the site's owners for that, screen names Chicken and Circus Child. TigerDroppings.com really is the gold standard (pun intended for the Money Talk Board
You guys have a great message board.
) when it comes to college sports based message boards. (The board's admins are pretty good, too. ) quote:Oh, yeah! Just stroll over to the Political Board for confirmation of that.
and it seems you have trolls and idiots also.
BTW, I was in the stands at the Cap One Bowl when Iowa won the game on the last play of the game.
1
Posted on 12/10/13 at 10:34 am to LSURussian
"Oh, yeah! Just stroll over to the Political Board for confirmation of that."
I can just imagine the "enlightened", "elitists" on that board.
I think I might just stay away and concentrate on making money. Atlas Shrugged.
Who is John Galt anyways?
I can just imagine the "enlightened", "elitists" on that board.
I think I might just stay away and concentrate on making money. Atlas Shrugged.
Who is John Galt anyways?
Posted on 12/10/13 at 10:47 am to Iowa Golfer
quote:A character in Ayn Rand's book, Atlas Shrugged.
Who is John Galt anyways?
BTW, I see you put my quote in quotation marks. Just to show you how thorough this site's owners are, you can automatically quote from someone's post by highlighting the words you want to quote and then click on the 'quote' button on the right side of the text box screen.====>
Posted on 12/10/13 at 11:58 am to LSURussian
[quote]LINK ]
I'm not that smart. I'm from Iowa, I buy silver and I hate liberals. Wait. I guess I am smart
I'm not that smart. I'm from Iowa, I buy silver and I hate liberals. Wait. I guess I am smart
Posted on 12/10/13 at 12:58 pm to Iowa Golfer
quote:I was in Iowa this past June for the College World Series. I guess you claim Council Bluffs as part of Iowa, right?
I'm from Iowa, I buy silver and I hate liberals.
ETA: The Iowans were super friendly to us LSU baseball fans then. Now, probably not so much.
This post was edited on 12/10/13 at 12:59 pm
Posted on 12/10/13 at 2:15 pm to LSURussian
Sold at 19.59.
For a whopping profit of:
42 cents per share * 210= $88.20
Less $16 transaction costs
=72 bucks!
For a whopping profit of:
42 cents per share * 210= $88.20
Less $16 transaction costs
=72 bucks!
Posted on 12/10/13 at 2:20 pm to LSUtoOmaha
quote:
=72 bucks!
Posted on 12/10/13 at 2:39 pm to LSURussian
Better than nothing I suppose.
Are you holding?
Are you holding?
This post was edited on 12/10/13 at 2:39 pm
Posted on 12/10/13 at 2:55 pm to LSUtoOmaha
quote:As Warren Buffett says, 'no one has ever lost money by taking profits.'
Better than nothing I suppose.
quote:I sold 1/3 this morning @ $19.66 and put in a buy order to buy those shares back at $19.50. Looks like that won't happen today.
Are you holding?
I'm holding the other 2/3.
Posted on 12/10/13 at 5:51 pm to Iowa Golfer
quote:You'd fit in well here. Welcome
and I hate liberals
Posted on 12/10/13 at 6:27 pm to TigerTatorTots
I'm a buyer at $20. To the poster who took a small profit to place another buy order, why not a credit spread strangle on the options? SLV 1/2016 $20.00 calls are at $3.25. (LINK ) Over two years to get to a break even point of $23.50 plus $4.99 commission and .75 per contract exchange fee? Seems cheap to me given the fundamentals, industrial demand and premiums being paid by physical buyers like myself.
You could sell an out of the money call to finance. If you wanted more risk, consequently more reward, and are bullish, you could sell the $20 put at $3.87 for net credit of $62.00 per contract. You need to carry some margin on this trade, but it's always my preference to make a trade, and have someone pay me to make it.
You could sell an out of the money call to finance. If you wanted more risk, consequently more reward, and are bullish, you could sell the $20 put at $3.87 for net credit of $62.00 per contract. You need to carry some margin on this trade, but it's always my preference to make a trade, and have someone pay me to make it.
This post was edited on 12/10/13 at 6:30 pm
Posted on 12/10/13 at 11:11 pm to Iowa Golfer
What?
Posted on 12/10/13 at 11:30 pm to LSURussian
quote:
What?
Buying the right to buy at a certain strike price. Selling the right for someone to sell to you at a certain strike price. Without owning the security. Called being blind, or being naked in the trade.
Blind and naked derivatives trading. Level IV for those that care.
It got all the Libtards upset after the last financial crisis we had. They trade blind and naked, but didn't have the capital to cover when they were called.
Somewhat like selling short. Better be able to cover, and cover in a hurry if it goes the wrong way.
In the SLV example I cited, your worst case scenario is that the call you purchase expires worthless, and the put you sell gets exercised, obligated you to buy 100 shares of SLV, at $20.00 per share, no matter what it is actually trading at. Also in the example I gave, after you buy/sell, you get paid. The selling price of the put you sold is greater than the cost of the call you purchased.
I do it all the time. Mostly always with a security that has predictable swings, such as paper silver. SLV. PSLV actually can back what they claim to own. I highly doubt SLV owns that much silver. I won't bore you further with the reasons, which are all public already anyway.
Posted on 12/11/13 at 6:35 am to Iowa Golfer
Physical Silver up on the day... No pre-market movement on SLV. The rest of the market is down in pre.
Interesting to see how the market reacts to the budget deal.
Interesting to see how the market reacts to the budget deal.
Posted on 12/11/13 at 6:42 am to Lsut81
quote:
Physical Silver up on the day... No pre-market movement on SLV. The rest of the market is down in pre.
Interesting to see how the market reacts to the budget deal.
??? Spot prices have been down all night overseas? SLV is also trading slight above what it is worth based of their alleged ownership of the metal.
Posted on 12/11/13 at 6:44 am to Iowa Golfer
Im looking at silver up .30%, copper up .20, and gold down .30
Posted on 12/11/13 at 6:53 am to Lsut81
Spot price or futures contracts? The spot prices where there is trading right now are down from yesterday's USA close.
Posted on 12/11/13 at 7:07 am to econ85
Everyone will have different reasons. SLV allegedly owns the metal, and trades at a premium discount. AGQ buys swaps, leases, etc, trades at a premium and has an extremely high expense ratio.
Neither are worth owning long term, merely paper to be traded to make money from those on the other side of the trade. In my case, I trade the paper around my physical holdings, along with options and futures contracts.
I own the metals based on fundamentals, and trade the paper on technical charts patterns.
Neither are worth owning long term, merely paper to be traded to make money from those on the other side of the trade. In my case, I trade the paper around my physical holdings, along with options and futures contracts.
I own the metals based on fundamentals, and trade the paper on technical charts patterns.
Posted on 12/11/13 at 8:40 am to Iowa Golfer
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