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Re: March Silver/Double Top/Trades
In Response To: March Silver/Double Top *PIC* ()

Hi Trades,
Thanks for the chart/comments - must be premonitions again as I was just about to ask you what your eyes were seeing on Si when you posted this !!

How did your Turkey dinner turn out ????

I had mentioned before, I have 2 cheap March 18Puts with a total wopping 208.90 in them. One was worth 180 at one point with not much of a drop in Si from where I bought it. Have to look back, got lazy and didn' keep close track.

One thought was, put another $40 in the pot while Si is up, with the expectation that it will drop after we get through this week. Then close 3rd Put out to cover costs and let the other 2 do what they do. If Si runs on up for next 56 days through expiry 2/23 will be no great damage to piggy bank. But if Si drops should be fairly profitable. I think the odds are Si will come on down once we get through the next few days.

Just a pure and simple gamble on that parabolic rise.

Thanks, Lee

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Re: March Silver/Double Top/Trades