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Message Subject
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BREAKING TRADING ALERT - Who is trading Silver Monday Morning and whats your strategy?
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Poster Handle
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AblePatriot |
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Post Content
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SLVR Mar 5 2021 OPTION CHAIN
26.0 Call
BID 1.76
ASK 1.79
LAST 1.78
CHANGE 0.01
VOL 1,764
OP INT 894
STRIKE 26
So in terms of a strategy I am currently thinking the following:
SLVR March 5 26 Call
SLVR June 30 26 Call
SLVR Jan 21 2021 26 Call
I have to do a spreadsheet on the amounts of each contract but my thinking is to do a spread across time with some near expiration, mid expiration and one year expiration.
Thoughts?
Anyone adding PUT insurance?
Quoting: AblePatriot Cant wait to see what that apr call will cost tomorrow. Prices are a point in time, as the price moves up, one must wait for a lull in buying or downtick. Then CALL prices drop again with the volume/pressure. So even if SLVR opens at $30, the option chain will move up to 32, 34, 35, 40, 45, etc. So you move the target STRIKE out. This has been my experience. I also have bought PUTS into rallies as the price is very low, then sell on reversals or large down-ticks. If we get volatility, this is a traders paradise. IMHO
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