re: Paging IG or any other big money guys

I'm not a gold guy. I own very little gold. I own silver not so much as a hedge, but more so due to supply/demand. There is risk of technological innovation that could render silver's value lower. From what I read, scientists are a long, long time away from this.

If you want a cheap two year paper silver trade with a loss certain, maybe think go buy some January 2018 SLV $8 calls for $11.70. Seems to me that silver anywhere near strike plus premium is realistic, especially since it is trading at that level currently, and you have between today and January 2018 to watch it.

If you want to spend less, and you think silver gets close to $22.00, there are a bunch of 2018 calls out here which seemed priced inefficiently. Buy a higher strike for less money.

I looked quickly, but you could sell 2018 $30 calls, and buy 2018 $20 calls for $173 per contract, which is basically your maximum loss, but also limits your upside to the difference between strikes. If it goes to $40, and you need to sell at $30, you'd be buying at $20.