Hi, Is there any good way to hedge a position in either SLV or SIVR after hours and overnight without using futures? i.e. suppose I have a long position in SIVR and the price of silver rises $2.50 overnight and I want to lock in the profit at 2 am EST instead of waiting until pre-market when the price may well be a point or so lower. Thanks.
Maybe with <i>European</i> silver ETFs? I haven't tried to trade them. Let us know how it goes. http://www.bloomberg.com/apps/quote?ticker=ZSIL:SW http://www.bloomberg.com/apps/quote?ticker=PHAG:IM
Not sure what the point of your post is. This is a hypothetical question regarding hedging an overnight move prior to pre-market trading, so the direction of price movement doesn't seem relevant to the answer.
1) To leg into a "hedged" position on different exchanges or with dissimilar instruments can get expensive and icky. 2) Regarding my original post, are you equally willing to lock-in a loss of $2.50/ounce as you are the same gain? If not, don't act on what the others have suggested.
================== Trend study is a favorite area of mine, silver, SLV= nice uptrend; agree. $40 is somewhat resistance/risk area ; not that resistance means much in a good uptrend. Mr surf if i was very concerned about a 2.50 loss on $38 silver ; i would simply get out before 40. I hate losing even a penny; but its[loss of that % ] is simply a business exspence. Hope this helps; opening an account in another time zone seems not worth it..
Quote from Kedwards: Oanda and other fx shops trade XAG/USD (silver) spot, 24 hours. can't find it in TWS