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TFC Commodity Trading Forum

Re: SI Weekly
In Response To: SI Weekly *PIC* ()

Thanks for the charts and observations!
The main reason I am watching for a possible silver rally is because of what I see in the monthly charts. Their appears to be some major compression with the underlying technicals that is building that could lead to an explosive move up I think in the next few months. Of course it could be some time before it materializes still so it takes patience...but my strategy is to buy way-out-of-the-money call options periodically near what appear to be possible lows...they are cheap and I also will sell one occassionally on a pop like we had a couple days ago so I am not bleeding out too quickly, lol.

Anyways I have seen this strategy pay off very well in the past...once we clear that downtrendline we are going to have a major rally...but it could be so explosive that call options could get very expensive very quickly...

I like the May options currently