why I just loaded June calls on the silver train

Quote from mksummny:

The bounce started today, built a nice one day base and will continue on Monday imo. We should see 36-37 on Monday.
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Calling bottoms? with bearish trend and high volume too?!...you guys are brave!
 
I'm curious how quickly you'll exit your position if the price doesn't rubberband back up. A big drop in implied volatility could destroy OTM prices.
 
Quote from adamcollins:

I'm curious how quickly you'll exit your position if the price doesn't rubberband back up. A big drop in implied volatility could destroy OTM prices.
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+1
 
stop is set at 1.50 which would be a .75 cent loss on the option.
The bounce imo will start tonight and move throughout the day tomorrow.
 
Quote from Shagi:

1980 when Hunt brothers corner collapsed
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Awesome chart.

You guys need to understand, there are safer spots to place these trades.

You're damn near playing roulette with the market. RED = Net sellers. It's not a hard concept.

I will say one thing, the statistic about the worst fall since 1983 holds some weight though for a RTM approach. But TRUST ME. Scalp the first leg.
 
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