Call Options on Silver
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- Lemon Pip
- Posts: 65
- Joined: November 28th, 2018, 8:34 pm
Call Options on Silver
I'd like a little punt on some silver call options. Some investors I follow on twitter are buying into $slv (iShares Silver Trust) Sep 2023 and Jan 2024. Am I able to buy these calls in the UK? I'm with IG but the options list is minimal. Thanks
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- Lemon Quarter
- Posts: 1021
- Joined: November 5th, 2016, 9:00 am
Re: Call Options on Silver
Silver up 7% this week.moneybagz wrote:I'd like a little punt on some silver call options. Thanks
Gold flat.
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- Lemon Slice
- Posts: 641
- Joined: November 6th, 2016, 2:15 pm
Re: Call Options on Silver
Long term holder of both gold and silver - big jump on silver today.
I've always been scared of trying calls (or puts) on either. Price always seems to go the wrong way and/or goes nowhere and you lose out on the time value.
Gold up almost 10% and Silver down 1% this year in sterling terms.
I've always been scared of trying calls (or puts) on either. Price always seems to go the wrong way and/or goes nowhere and you lose out on the time value.
Gold up almost 10% and Silver down 1% this year in sterling terms.
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- Posts: 7
- Joined: April 15th, 2021, 9:42 pm
Re: Call Options on Silver
You can do it on Interactive Brokers.
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- Lemon Pip
- Posts: 65
- Joined: November 28th, 2018, 8:34 pm
Re: Call Options on Silver
Thanks, I'll try Interactive Brokers. Its a shame I missed the rally yesterday.
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- Lemon Quarter
- Posts: 3934
- Joined: November 8th, 2016, 11:14 pm
Re: Call Options on Silver
Lamb to the slaughter??
GS
GS
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- Lemon Slice
- Posts: 641
- Joined: November 6th, 2016, 2:15 pm
Re: Call Options on Silver
A couple of interesting recent articles for those interested in silver:
https://www.bullionstar.com/blogs/ronan ... ma-vaults/
and
https://monetary-metals.com/silver-phoenix-market/
https://www.bullionstar.com/blogs/ronan ... ma-vaults/
and
https://monetary-metals.com/silver-phoenix-market/
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- Lemon Pip
- Posts: 65
- Joined: November 28th, 2018, 8:34 pm
Re: Call Options on Silver
Interactive Broker won't let me trade options as I don't have enough experience. I'm not sure how I'm meant to gain the relevant experience if they won't let me in. Any other suggestions?
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- Lemon Quarter
- Posts: 1021
- Joined: November 5th, 2016, 9:00 am
Re: Call Options on Silver
As US interest rates increase, silver and gold prices are increasing.
Is this not counter intuitive or is it a sign of just how crazy the markets are currently ?
Is this not counter intuitive or is it a sign of just how crazy the markets are currently ?
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- Lemon Quarter
- Posts: 3382
- Joined: May 31st, 2019, 7:55 pm
Re: Call Options on Silver
The idea is to hold a gold fund/ETF such as GLD and SELL Covered Calls ... where you WIN the time value. Hasn't really been viable/appropriate in the zero cost to borrow era since the 2009 financial crisis, but with more recent increases in rates could be the time to reconsider such positions.Laughton wrote:I've always been scared of trying calls (or puts) on either. Price always seems to go the wrong way and/or goes nowhere and you lose out on the time value.
Pre 1932 when money/gold were convertible at a fixed rate (money was gold), it made more sense to hold money, deposited into Gilts, as that was like the State paying you for it to securely store your gold. A form of gold-dividend. Nowadays the Gold + sell Covered Calls yields the gold-dividend.
I've heard that GLD yields the more generous options chain than the likes of IAU