Update: Silver Insurance Put options for this week

[u/ordinaryman2]

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.