I’m back!!! Let’s trade!
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I sold at $0.62. The spread on these options sucks and I can't sleep when I hold overnight so I got out. I'm pretty sure I will regret it...
That was the date, not the strike price, pointedly AFTER the FED meeting. Out of the money calls are a gamble but I wouldn't rule out $20 silver by end of the day April 1st, 2016 depending on what the ECB and FED do.
I'm doing fine with level 2, but I love the concept! Backed up the truck and bought SDS March 11 $20 calls @ $0.41 today.
We may not be through the current oil crisis. I backed up the truck and loaded USO March 11 $10 & $9.50 puts today. Also still have a few $8.50 puts that had my calls I sold today hedged through the weekend.
Normally I would agree with you regarding shorting silver, but not today. I sold all my calls and bought March 11 $15 puts @ $0.29 for a quick trade. I'll close it out tomorrow and buy back March 18 calls if it falls overnight... Otherwise I'm stuck for a bit but I think the ECB action may make the US dollar pop, and that's short term negative for silver. Also, I see a chance the FED could hike next week after that jobs report.
I hate to say it but I agree. I think there is a 50/50 chance silver trades in a pretty tight range around the 50 week moving average until the Fed decision. Sold out everything today but had to add some $15.00 March 11 calls in case she runs. Unfortunately I'm not feeling a massive breakout here... Definitely in a new silver bull market though!
I wonder if the end of the day bounce had anything to do with today's election or tomorrow's ADP employment report? With the jobs reports this week, ECB next, and FED the following week there isn't much that can keep SLV down in my opinion. Shorts are going to cover sooner or later. I'll be adding long dated calls out past the FED meeting on each and every dip, and extending on the rips to build my paper silver position. The time for silver to SHINE has finally come!
Ding! Ding! Ding! LET'S GET READY TO RUMBLE!!! Silver just broke back through $15 and this is going to SQUEEEEEEEEEZE all remaining shorts out as they realize $20 silver will come quick once the tide turns. STAY TUNED to SLV!
ALL IN silver. Closed ALL other positions and added March 4 $14.50 SLV calls at $0.07 and March 11 $14.50 SLV calls at $0.13.
I think we may actually lose jobs when the report is out Friday. At best I'm thinking we added 100,000. This will send gold and silver parabolic. I am short oil and LOOOOOOONG silver right now and I think we move up $0.20 to 0.40 per day until Friday. I also think SLV will be back to $14.50 by open tomorrow. Classic bear raid on Friday imo.
I hear that! Weak hands out today, strong hands loaded more!!!
They ALWAYS do a big smackdown before they REALLY let SLV run. Backed up the truck again today with March 4 $14 calls and March 18 $14.50 calls. Can't wait for next week's poor jobs report and then ECB bazooka March 10th!
Backed up the truck today on Feb 26 & March 11 $14.50 calls. Hedged it with USO puts and calls.
Nice post! I grabbed some C $37.50 Feb 26 puts today.
Must be some oil loan losses coming...
I bought $8.50 puts and $9.00 weekly calls. This could go either way!
Yes! Looking at a full blown blue skies BREAKOUT with SLV!!!
I'm loaded with SDS $21.50 calls, SLV $14.50 calls, and TBT $37 & $36.50 puts. Might sleep a few hours tonight but can't stop watching the market!
Added $37 Feb 26 puts yesterday. Wish I would have waited until this morning!
My average was .0014, so I lost about $1,000 or so to cash out and buy TBT puts, SLV calls, and SDS calls. I should have waited until this morning but the market appears to be dipping. There might be a need for more security around the country if the market crashes too much. Did Jerry ever close that deal in New York I wonder?
I'll make it up to you all, I promise!
They never called back and I saw an opportunity to buy SDS calls, SLV calls at a discount, and TBT puts today and I jumped on it. I'll be watching ISGP but for now I'm out.
If the trades go well(and right now they are looking fantastic) I'll be able to buy back 10 times as much ABPR and walk it up to a penny. Glad to see the shares went to strong hands cause mine definitely aren't!
Very perceptive on some things. ABPR is definitely boring! I must confess that today was all me selling so you all know it wasn't dilution or some other negative event. I saw an opportunity to buy SDS calls, SLV calls at a discount, and TBT puts and I jumped on it. I'll be watching ABPR and when it runs someone smack me and I'll join the fun but for now I'm out.
I have a phone call into the company regarding a shareholder meeting. I'd love to see where they are in the organizational stage of this start up business.
What's your take on Jonathan Bender being the president of ISGP and the long term prospects of sales of his new medical device which ISGP owns?
http://video.foxbusiness.com/v/4052318773001/former-nba-player-jonathan-bender-on-his-medical-device-company/?#sp=show-clips
Nah! Trend change is complete, just waiting for the HUGE pop. Maybe NOW?!?
TBT is a great way to trade US debt! Eventually the wheels will fall off, but not today in my opinion.
Just bought TBT February 26 $36.50 puts at $0.58. Treasuries catching FIRE with negative interest rates around the world.
Sold my USO puts. Staying flat for a bit to focus on precious metals.
What? I'm ALL IN silver LOOOOOOOOOONG at the moment.
ISGP is pink sheets current and our president, Jonathan Bender is a millionare former NBA star with a legitimate medical product he invented and ISGP now owns. Did we mention FOX BUSINESS interviewed Mr. Bender regarding ISGP? Soooo, none of this info worries me!
I removed some links that weren't working but nothing else.
If silver pops up $1.00 or more on CPI tomorrow, we will take ABPR to pennyland! I'm also short oil and ultra short the S&P 500 at the moment.
I am open to accepting a seat on ABPR board of directors.
$0.55 ISGP 52 week high, $0.0005 52 week low. Great chance for a BIG bounce and you've got to like the odds for a current reporting legitimate business in the organization stage with PROVEN management and executives! Did I mention financials due this or next week?
It's going to be a bad NITE for someone.
Seller's are gone in my opinion. Time for a trend change to the UPSIDE with ISGP!
I will continue to load with oil and silver profits. I plan to pay short term capital gains so hope to hold for 1 year plus and maybe see dividends some day since ABPR has genuine revenues of $2.5 million annually per Jerry ABPR CEO. This company is probably Jerry's retirement. The only question is, will he sell out or will he keep and issue dividends? I have LOTS of time too.