Silver Futures
I have turned my attention to the silver market ,to some great lengths I might add, and in doing so I am left with both a bullish and bearish outlook. That’s a tough one to wiggle outta. Thankfully there are strategies that allows one to capitalize in the event of either outcome. To do this we turn to the fascinating word of options. Before I go any further I must mention that about a month ago I was delving into cycle studies of the silver volatility market. What I noticed then was its uncanniest similarity to the vix, agricultural, and crude oil charts of the same style. They all were pointing the same way. Also of note that each of the asset classes established multi year lows around the same week. Moving right along I naturally stiffed out an opportunity in the wind. I am currently suggesting the purchase of option strangles in the silver market. The possible combinations are abundant. I am favoring the April 16.50/16.00 (purchase 16.50 call and 16.00 put simultaneously) for roughly .66 which equates to a over a $3000 purchase. I am also suggesting that one place a .40 exit stop which should give you about two plus weeks for any move to take foot. My upside projection targets a 3.00 exit price (either direction). With the stop/risk feature added the total risk would be about $1300 with a favorable 9 to 1 risk to reward. Please follow along with me in my attempt to stay ahead of this and other future markets.
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Walsh Trading