Lemme guess: Watch other stocks dropping. See GLD, SLV still pushing ATH week after week, month after month. The very first dip, FOMO everything in!

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https://preview.redd.it/o0eltd24sxvf1.jpeg?width=1080&format=pjpg&auto=webp&s=2a811b515d8f4d909256b62a7670a18fee0eee03 My options on AEM, B, IAG, and SLV this last Friday. SLV expires 10/31 but at least the goldies are good til late Nov

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I have 40p exp December on SLV the social media push for the precious metal pump was manufactured and there is a correction coming (or at least that’s what I hope)

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lmao on the same page. i have SLV $47 and $46.5 calls, so if it goes to $48.5 on Monday, its an easy 2x gain. Hoping for 3% upwards on Monday, if not I am getting a margin call.

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With you. GLD $397c, SLV $49c - both exp 10/20 (Mon).

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Yes short SLV

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GLD and SLV puts. SLV finally reached the high it set at the peak of the 2011 metals bubble. It took it 14 years to get this high again.

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GLD is still effectively up 3.3% this week, so this feels more like profit-taking rather than a full reversal. Though if it drops more, I'll aim to sell and lock profits in. I sold my SLV calls on Friday on the other hand, for about 20-30% realized profits on each (bid ask differentials are their own brand of fun). I have two OTM csps for Monday, but if slv drills, then I also have three leap puts for protection.

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Stressing my GLD and SLV calls expiring Monday

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https://chartexchange.com/symbol/nyse-slv/borrow-fee/ I posted this elsewhere... I cant say the word that this chart is showing but it rhymes with port bees. Lol

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