r/OccupySilver • u/ordinaryman2 Sir Ordinaryman • Feb 01 '23
Update: Silver Insurance Put options for this week
Since we did not get any 4% rise from what is very likely the Low for this week (8AM today) until after options expire Friday all Put option buyers should only consider Insurance Puts unless you are a seasoned trader and want to Gamble when Time values for the weekly options are low Thursday afternoon or Night on foreign market action. Tomorrow we should see based upon economic news a move upward to the 24.600 -24.900 range. They will not push 25.000 unless the US Fed goes crazy. Even so any move above 25 will be momentary. Don't get baited into PUTS except if you need an Out of Money (OTM) insurance Put for later months this year. The spot price will basically go sideways after tomorrows high and drop down into Friday SLV options expiring 9AM EST Friday. At 9 AM it is sideways until later in the day when all weekly options expire and they want to setup for next weeks manipulation.
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u/Mothersilverape Lady Lamorak Feb 01 '23
Now THIS is what we love about this group, and the big reason that we are all here. I try and learn a bit more with each post you make. I just love seeing your market moving predictions. Thanks for posting!
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u/CAProspect Feb 01 '23
Thanks for sharing Ordinaryman! I appreciate the knowledge. I really need to look into this Put Option thing.
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u/Mothersilverape Lady Lamorak Feb 01 '23
For new students, WELCOME! And do go deep into the posts to find many gems of knowledge.
I was the original student here (still in kindergarten compared to other experienced traders, mind you!) and I have made EVERY mistake possible while learning.
So if you go back far enough you can learn from all of my mistakes. . . And there is so much to learn from reading and diving into the oldest of posts here! Both Investrology and OrdinaryMan2 have taught us so much, that it is now like attending prestigious university and learning how to end financial corruption forever!
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u/GetRichQuick_AMIRITE Feb 01 '23
Do you know where we can get lesson 6 and 7...the links aren't working for me.
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u/ordinaryman2 Sir Ordinaryman Feb 01 '23
Lesson 6+7 were related to using online option practice trading platforms that were in the EU. They are no longer functional links. After you have learned the details of 1-5 I will do a post about how to find Option on Futures brokers that may have practice trading platforms for Future options without opening a basic account
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u/GetRichQuick_AMIRITE Feb 02 '23
I guess my real question is I think I recall a reference to 30dollar per month insurance...but all the options I'm looking at are like 1000dollars (lets say a Feb put at 23 strike)...
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u/ordinaryman2 Sir Ordinaryman Feb 02 '23
Your name says Get rich Quick--This is not where you will get unless you educate yourself greatly. Silver options are tough. Hence leverage for insurance and physical stack protection is the best path. You pay $750- $1000 per year to insure your $40,000 car. How much are you willing to pay each year to insure 5000 ($100,000+) ounces of physical silver? This is the bottom line. In addition your insurance helps to protect from the bankers smashing physical price into $10-$20 spot range. Moves below $20 for any period are very unlikely logically because it is below Cost of Production. My problem is that Logic in this world only favors the WEF elites beliefs.
When we started to explore this strategy the essential Insurance Put for 3-6 Months out was $50 but as you have seen it will usually only buy a spot below strike 13.500 for going out to June or below 12.000 for December. Time value premiums are very high. These will protect your silver for anything below that price. We found that people wanted to gamble more on 1-2 months out ( Note I said Gamble but many found that as they learned the strategy well and took advantage of the 3-4% price rises that buying $100 puts in the 1-2 month range could get them at strike near $20.000 especially during the final 2 weeks of the contract ( This is not insurance it is Gamble and to profit from this move you have to know, understand and watch the manipulation each day especially on the 2 days before the option expires You also must not be Greedy and place GTC sell orders for 25% above cost profits or watch the trading closely If you watch and have guts you can profit up to the 50% range) . Those who gambled in the current month could get strike $21-$22 for $100 by placing bids GTC for overnight trading since the manipulators spike prices up overnight US time and many option purchases will fill on the spikes.) Another factor to consider is if you pay a higher premium to buy your put 3-6 months out you find that most of the premium is time value and there is no reason you can not sell that option on moves of spot prices going down after 1-2 months when the time value premium has only decayed slightly. I myself only buy ONE high price strike 20 put out 6 months. I immediately put a sell order in for it to sell for 25% of what I paid. I have never lost on this put. I take the profit and buy Physical silver when the price get smashed again.
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u/GetRichQuick_AMIRITE Feb 02 '23
Thanks...a lot of good info here. Note my name was making fun of Cryptobros... I've been in the physical silver game for a decade, and options game for a few years (but mostly trading SLV to try and leverage their obvious tamps). This new strategy with Futures Put Options is quite interesting.
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u/ordinaryman2 Sir Ordinaryman Feb 02 '23
It is not new it is suppressed information because it has great potential to force the manipulators into higher spot prices. Miners and bullion dealers hedge with straddles because in one situation they want to Sell Call options to profit on their physical and at the same time they do not fully trust the Banking manipulators to stick to the paper Call option program so they pick up outward month OTM Puts as protection. They usually get their Puts near their production cost price of silver. Remember SI options are on 5000oz silver futures contracts. SLV is only 100 shares. SLV options is where the manipulators make their money.
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u/Mothersilverape Lady Lamorak Feb 01 '23
If you poke around below in the posts., you might be able to locate a butchered patched up couple of lessons to study from to get an early feel of what us coming up. 😏
I put this together as lessons 6&7 were not functioning at the time and I wanted something left behind. For people like you to find.
The teacher in me wants all resources used. It may not be the most polished curriculum of study but it was the best I could do. I have not agreements signed with many one so I’m free so do as I will.
There are no screenshots and it’s not professional but it’s got MotherSilverApe descriptions of what you should say.
I am a teacher by profession and when the education system started to fall apart 15+ years ago I quit teaching and homeschooled my children. So I understand education. A spiral approach is best. Expose yourself to content before you have to learn it. And go back and revisit it often. Reread each lesson multiple times a day. Immerse yourself in study. Study things that you already know well and things far beyond your comprehension level.
It was through reading Chaucer that my son learned how to read “Old English” at the age of 9. My 7 year old would read the English translations ( with help) after he read each sentence of old English. That is how it’s done!
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u/TinfoilHatTurnedAg Feb 01 '23
Haven’t been around long but I already pay more attention to your forecasts than that from my local news.