why I just loaded June calls on the silver train

The bounce started today, built a nice one day base and will continue on Monday imo. We should see 36-37 on Monday.

 

Calling bottoms? with bearish trend and high volume too?!...you guys are brave!

 

I'm curious how quickly you'll exit your position if the price doesn't rubberband back up. A big drop in implied volatility could destroy OTM prices.

 

+1

 

stop is set at 1.50 which would be a .75 cent loss on the option.
The bounce imo will start tonight and move throughout the day tomorrow.

 

i woke up to a nice gift. 36.75. i am out.

 

Awesome chart.

You guys need to understand, there are safer spots to place these trades.

You're damn near playing roulette with the market. RED = Net sellers. It's not a hard concept.

I will say one thing, the statistic about the worst fall since 1983 holds some weight though for a RTM approach. But TRUST ME. Scalp the first leg.

 

out position a few minutes ago. Nice setup and played my plan and was handsomely rewarded.

 

Nice trade MK.

 

Otm?