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re: SLV

Posted on 12/10/13 at 5:51 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80858 posts
Posted on 12/10/13 at 5:51 pm to
quote:

and I hate liberals
You'd fit in well here. Welcome
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10248 posts
Posted on 12/10/13 at 6:27 pm to
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.
This post was edited on 12/10/13 at 6:30 pm
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