Someone placed a 1.5M bet today that silver will go over $30 by July 16th
Posted May 27, 2021, 1:49 PM UTC
30852
[deleted]
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Can you help me decode what you posted? How do I read this? I'd say it's Greek to me, except I read & speak Greek. 😎😁
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These are options. Someone bought 17k of them at $71 each and 16k of them at $26 each.
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The top one is a "bet" that SLV will be higher than $27 by July 16th.
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$27.70....
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Including their cost, correct.
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Raid the physical. YOLO
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This is the way
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Leveraged 🦍
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So far today, Call option volume: ~83,000+, Put volume: ~6,100. That is amazing.
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...and price slam from those inflows into SLV tomorrow or Monday
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No clue what I’m looking at.....
Is that 16,000 options @ 100 shares each?
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These are options. Someone bought 17k of them at $71 each and 16k of them at $26 each.
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This is a credit spread play. The buyer likely bought the 27s and simultaneously sold the 30s. They capped their upside but also minimized the risk of total loss. This is a very common strategy for hedge funds, and/or big traders. This is a 'smart' risk.
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I just see an option chain with an open interest of 16k with a bid of .26 cents per share. So 26 dollars to take that bet per contract. Not sure what else we can deduce from that screen shot?
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This isn't open interest, it's volume, these were purchased this morning.
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Every contract equal 100 share leveled.
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This is SLV the etf, and not the silver price right? Or am i missing something? In that case silver would have to be above 30?
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Yeah, the 27 call is about $30 and the 30 call is about $33
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Ahh great, thanks for the clarification 👌
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[deleted]
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Hot damn!!
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Placed a bet, against SLV? (Serious Loss of Valuables.) Ballsy!
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No, this was a bet on SLV going up in price.
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Thanks, I never got into options.
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Outa my league, but will be interesting to watch. 🦍🏴☠️🦍
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How do you see that information?
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This is from the TD Ameritrade app, but I'm sure there are websites that display the information as well
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A 6 trillion $ spending plan is coming out... I like the bet of spot over $30. I don’t like the idea of SLV over $30...
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I have 100 of the 30's. Currently down about 60% on them :(
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Patience
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100 of the 30's, i have.
-Vegetable-Vanilla-51
^(Commands: 'opt out', 'delete')
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OP I hope this is you and I hope you make out like a bandit!
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Physical Silver already is 30$ an oz I cant find one oz of real physical silver under 30$ an oz. I would say it's more likely by July the cheapest oz of physical silver is $40+. All while paper traders kill the price, your fun little contract may expire worthless. But all the more power to you! Good luck I hope you roll a seven. For me I want the shinny.
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FFS, this causes MM's to buy SLV shares! These WSB guys buying call options are fucking us and themselves
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Let's make it happen!!