OTM leap options on silver futures

Quote from JJacksET4:

:confused:

What will you ever sell your options for though - U.S. dollars, right? So theoretically if Silver goes to $100 and you make a small fortune, it will be in worthless U.S. dollars. Not trying to criticize, just wondering why you would then want to make money in worthless dollars.

Maybe you'd be better off buying physical silver (which I do like alot btw).

JJacksET4
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if i buy 10 contracts i can sell 8 of them and take delivery on the last 2 or something along those lines as long as it goes up a bit through my strike price (and maybe even gets close to it depending on the time value i have left)
 
Quote from dumb_mother:
----so did you go broke yet?
----another sell-signal....
----Dec-2012, silver, $100 strike price, call-optons are great buys at less than 1$ per contract
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1) No. I'm a moving target, not a stationary target.
2) Thanks again.
3) ?....They settled at ~64-cents yesterday? That's a lot of "juice". :cool:
4) If you're really "that bullish" on the market, do debit-spreads instead to make a lot more money on the price rally that you expect. :cool:
 
Quote from nazzdack:

1) No. I'm a moving target, not a stationary target.
2) Thanks again.
3) ?....They settled at ~64-cents yesterday? That's a lot of "juice". :cool:
4) If you're really "that bullish" on the market, do debit-spreads instead to make a lot more money on the price rally that you expect. :cool:
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Some people just don't learn their lesson very quickly..
 
well i'm bidding for 3 contracts at .70 if you want to sell 'em to me, i'm also bidding 3 contracts of GC dec 12 strike 2950 for 10$. i'm an amateur options trader so if any of you are looking for a victim, those are the bids you need to hit :D

Quote from nazzdack:

1) No. I'm a moving target, not a stationary target.
2) Thanks again.
3) ?....They settled at ~64-cents yesterday? That's a lot of "juice". :cool:
4) If you're really "that bullish" on the market, do debit-spreads instead to make a lot more money on the price rally that you expect. :cool:
More...
 
Quote from dumb_mother:
----I'm bidding 0.70 for 3 contracts....
----I'm also bidding $10.0 for 3 contracts of Dec-2012 Gold, $2950 strike-price....
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1) OMMFG!....You're a "teeny chaser". :p
2) The $2950 strike-price?.....in gold! I would of thought you'd prefer the $5000 strike-price instead. :cool:
3) You remind me of somebody.....Are you originally from ~Tennessee and live in the northwest suburbs of Chicago? :confused: :eek:
 
na, i'd go for the 5000 strike, but i doubt anyone would sell, i was thinking of leaving a bid in there for a dime for a hundred contracts or so- it actually would suit my purposes much better to get those.
 
Quote from dumb_mother:
----Silver, $100 calls....
----$5000 strike, gold....
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Petition the CME to list a $200 strike price for silver and a $10,000 strike price for gold. :cool:
 
if the OP's thesis works out maybe they can make a movie about him like they did about the hunt brothers (trading places). i vote for gary busey as the main character supported by lenny dykstra.
 
you guys are so silly- my thesis is this:

-i want to buy physical silver
-i don't want to buy it today because the amount i want would be too large of a % of my total portfolio
-i don't care if silver doubles every 18 months, because my trading profits far exceed that
-i'll gladly lock in a ceiling of 100% price increase each 18 months until i decide to buy physical silver at a cost of 2% each time

the best case scenario for me is that silver drops from here and my options expire worthless, as that would mean i save tens if not hundreds of thousands of dollars on my physical silver purchase, i'll gladly take that in exchange for losing a few percent on this insurance policy
 
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