There's also very high amount of VIX 30 calls for March, and others in that area but 30 is insane.
It's probably the expectations of more yuan devaluation and weaker data from China, and to top that off more weak US data too.
I followed you on that slv trade except I barricaded myself with 13 puts at .03 instead. 15 calls sounds fantastic at the price it was.. Up 50% already at the eod on Fri.
What's your planned exit? I was thinking maybe near 16 by the end of February if not 17. I'm not really sure on the movement strength but I can see silver gaining 10% this month.
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