I think silver is about to have a big move like gold just did . I’m looking at buying the SLV fund for calls . What would be the best option to buy if I think silver is going to move 10-15 percent over the next say 1-3 months .? Or any other advice for best return on silver and best way to play this potential move . I jumped into a few slv calls this morning and already up nicely in this positions . But I’m worried what’s going to happen over the weekend and next week with time decay because there only next week expiration contracts . I think I need to buy further out contracts but not sure which ones .any expert advice appreciated Thanks
Posted by chartguy26
2 Comments
Sell the contracts and take your profit.
If you feel there’s more upside left, book these and buy slightly otm calls for the next week/month based on your outlook. The effect of time decay will be more as you keep getting closer to expiry.