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OUCH !!!

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  • Mike59Mike59 Posts: 319 ✭✭✭

    Funny how much $3 bucks in either direction makes (lol). I like this direction MUCH better than the other direction.
    Mike

    MIKE B.

  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭

    @cohodk said:

    @MsMorrisine said:

    @cohodk said:

    @MsMorrisine said:
    i want to buy but the premiums are too high

    Then buy the paper. That way you can trade it, hedge it, and create an income stream.

    I have now been forbidden from buying silver by the other half.

    Put a little gold around her neck and all will be forgiven.

    FWIW----bought SLV yest at 23.66..sold this weeks 24 call for 90c this morn. If its over 24 on Friday close i make 5%. Not bad for a few days work. How much is that annualized? If its under 24 then i keep SLV and the 90c, in effect lowering cost to 22.76. Repeat weekly.

    The call essentially creates an income stream and a bit of a hedge against price decline. Thats an advantage physical cant match.

    I love covered calls

  • cohodkcohodk Posts: 19,147 ✭✭✭✭✭

    @Wingsrule said:
    I love covered calls

    Can be a great way to add a few % to annual returns. Same for selling puts, especially if on a stock you wanted to buy anyway.

    So many ways derivatives can be used to enhance returns and protect principle. But like with any tool, one who is afraid of them will surely get hurt or misunderstand their uses and benfits.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Mike59Mike59 Posts: 319 ✭✭✭

    I thought that I would dust this thread off and repeat it again

    OUCH!!!

    Guess it buying time again (although I have never stopped).
    Just love Pre-33 USA Gold

    MIKE B.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭

    Opportunity knocks even harder.

  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    edited September 21, 2020 7:21AM

    Can be a great way to add a few % to annual returns. Same for selling puts, especially if on a stock you wanted to buy anyway.

    So many ways derivatives can be used to enhance returns and protect principle. But like with any tool, one who is afraid of them will surely get hurt or misunderstand their uses and benfits.

    Yeah, and timing is everything with leveraged bets - and let's be real - they are indeed leveraged bets.

    Silver is off almost 10% on the day. Now, that's what I call volatility. Expect more of it from this point forward.

    • does anyone know why the italics don't always work?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,826 ✭✭✭✭✭

    @jmski52 said:

    • does anyone know why the italics don't always work?

    they only work if there is not a line space between them.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭

    they only work if there is not a line space between them.

    Got it. Thanks! :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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