Loading ...you might even say that Yes, I had bet the farm on the SLV trades. Sold half of the 17 calls at .28 today, and hestitated, but sold the remainder of my 17’s at .29. This could be ‘IT’, and I will be kicking self for unloading my 17 strikes today, but simply put, the profits were obscene ( to me), and like you say, the banksters still have the power to take it all back down tomorrow. Been through this routine far too many times not to lock some profits in. Was in at an avg of .1939 so happy with my paycheck today.
All I have remaining is 1000 of the Jan contracts at a strike price of 18 which I have avg in price of .0901. If SLV runs the next week or two hopefully will do well. If silver drops, I can afford to ride those contracts down to .05, dump em, and still come out ok.
In short, I laid it all on the line, and for once in a very, very long time, I got lucky.
My feeling for tomorrow is they beat us back, but if Saudi continues to erupt, and oil continues its insane climb, it could be another record setting day for the PM’s. Probably a long shot, but ya never know.
One thing I do keep an eye on is GDX and SLV charts. Last evening, Floridagold’s 10/20 cross still had the ten day above the 20 day, so there could still be room to run here. ???
Proof that every now and then even the blind squirrel finds a golden nugget. 🙂 With some help from his friends !