Need help with options

Discussion in 'Options' started by lasner, May 16, 2006.

  1. lasner


    I was thinking of buying options in silver somewhat far out of the money, maybe options worth about $750 and about four months until expiration.

    Would you guys recommend this or would you recommend me trade a closer month. I don't like trading that close because the options begin to depreciate too fast.
  2. Make sure you bend over and hold your ankles as you place your order.:D

    Seriously, the silver options are currently accepting market orders only on a not held basis, which means the market makers can fill your order as they see fit. With wide bid/ask spreads, you're most likely to get terrible prices going in and coming out of the position(double whammy).

    I would say trade the silver equities and such like the $XAU PAAS etc.