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Re: March Silver / Lee/Coral
In Response To: Re: March Silver / Lee ()

Hi Coral,

Go ahead, smack me !!

I have 2 March 18 Puts.
Bought one for $105, the other at $75 several seeks ago.
Bought one 20P for $50 a week or so ago on last spike high.

Ignoring commission of about $15 on each.

The 18P currently valued (last trade) at $45 so down $90 on these, again ignoring commission.

The 20p now at $135 so up $85.

For a total of $230 + comm. Now at $225 so technically have a $5 loss at moment(+comm). Assuming I can eventually get out with some kind of a profit.

I think the futures options have a comm. on both sides so that is a total of $90 unless they expire worthless.

So, looks like I need a $95 gain to accrue yet before I will see a penny. And that assumes I manage to trade out of them at some sensible point !!!

I plan to continue to track daily trading volume and open interest on each. When open interest starts to fall off that is my best guess as to time to bail out ???

Any thoughts would be welcome !!!
Thanks, Lee

Messages In This Thread

Re: March Silver / Lee/Coral