Replies to post #999 on First Majestic Silver Corp. (AG)

[Edge83]

Looks like Nov 18 AG call for $10 strike is bid 0.10, ask 0.20. That was the price at close yesterday with AG closing at $7.85. Call worth 5x (if bought at 20 cents) for every dollar above $10 the stock rises above. Say AG makes it to $14 by then and you're looking at a 2000% profit. I expect a big bump at open for all the bids and asks though since the PM markets are looking better.

Check the calclation at http://www.josephsunny.com/finance/option.html

[eddyimano]

Don't buy option calls expires so soon at this point because gold can drop more for the worry about rate hike. Buy long term option calls, expiring at least 2018 if not even 2019. That is easy money. I am looking at strike price $12 Jan. 2019. $2.00-$2.50ish should fall easily.