You should do a spread Cletus, as the VIX will kill your profit (as well as time decay). Try buying the 136 and selling the 138… better trade in my opinion.
Buying some calls here at 1320. Not sure about the inverse head & shoulders bottom but to hedge against my silver and gold shorts I’d like to own some Aug SPY 138 and IWM 66 out of the money calls.
Silver is fine. There are two different prices for silver, the paper price and the physical price. Why else are people paying up to $8-$9 over spot price for the metal?
Good call on silver. I only wish the market wasn’t so controlled and manipulated, as it would easily go down to 1300 this week if they simply let the charts dictate the market. Gangsters! I guess it’s harder to control the intraday moves in Silver, although the did do a great job of crashing it when it got close to the 50 level where JP Morgan would have gotten margin calls.
Print Watch, your official source for false prints, has issued a new print on IYR
http://2.bp.blogspot.com/-4TD0H2rRikY/TeZ_ZF491MI/AAAAAAAAACA/i2U8fC_nqyM/s1600/sc.png
I trade to lose
I think silver is going up to about $40 before taking another leg down.
You should do a spread Cletus, as the VIX will kill your profit (as well as time decay). Try buying the 136 and selling the 138… better trade in my opinion.
Buying some calls here at 1320. Not sure about the inverse head & shoulders bottom but to hedge against my silver and gold shorts I’d like to own some Aug SPY 138 and IWM 66 out of the money calls.
Silver is fine. There are two different prices for silver, the paper price and the physical price. Why else are people paying up to $8-$9 over spot price for the metal?
Mr. TopStep…
http://www.youtube.com/watch?v=OAfhQkm5ky8
Looks like 1327 and then 1316 is the key level to look for a bounce at.
Good call on silver. I only wish the market wasn’t so controlled and manipulated, as it would easily go down to 1300 this week if they simply let the charts dictate the market. Gangsters! I guess it’s harder to control the intraday moves in Silver, although the did do a great job of crashing it when it got close to the 50 level where JP Morgan would have gotten margin calls.
That’s what happens to silver bulls when they get that exuberance
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