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re: SLV
Posted on 12/10/13 at 6:27 pm to TigerTatorTots
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
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