17 Mar 2024 1:48 pm
"Hat Creek", is that you? (a guy who used to hang around these forums and was an avid options trader)LowIQTrash » 16 Mar 2024, 9:53 pm » wrote: ↑ As an investor, your (our) goal is to maximize returns within acceptable boundaries of risk.
Right now I see silver moving up at least 20% end of year (consolidation price movement is almost over) with a minimum gain of 10%. Calls let you triple (or more) your gains so there really is almost no downside.
As for holding physical silver, there is a much better play which is slowly building a short position with long puts (7 months or more) in tickers like SPY, IWM, and even leveraged ETFs like SOXL and SPXL.
In 2020, SPY fell about 30% while SPXL fell 75% during the 2 month crash. A short term put in SPXL would easily have returned 500% or more while a more conservative options play (let’s say 10 months out) would still see 250% or more gains in the span of 2 months.
Something like this is brewing this year and I want to snatch that opportunity with full force.
Physical Silver seems to be a very low reward, low risk play at this point so I fail to see the purpose.
I applaud anyone who can make consistent returns by their own hand in the markets.
I'm lazy, we pay a guy to take care of that stuff. It is much more boring but goals can be reached even when only expecting a 7% return on average.
The silver is more of an inheritance, I wouldn't buy it as an investment. You never know what an early 70 year old mom will do when receiving a sizable sum of money from her parents. Some silver broker got a hold of her and she wrote checks north of 6 figures combined. That stuff is a pain in the *** to move around. Silver at $45-50 would be kind of fun!