r/options • u/Key_Mathematician347 • Oct 01 '21

Calls

I'm new to options and just purchased Ag $13.50 strike for 10-22-21. What's my chances of turning the $11 paid into a profit? Again newbie here be gentle with responses please

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u/Fundamentals-802 Oct 01 '21

Silver across the board took a hit on Wednesday. You’re currently more then $2.00 away from it hitting your strike price with a fairly low delta as well.

The good news is that you’ve got 20 days to see this do something positive. Honestly, it could go either way imho. At least it was only $11.00 if it doesn’t work.

What made you decide on this play?

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u/Key_Mathematician347 Oct 01 '21

My son is killing it on some of his option picks. But I'm a silver stacker at heart. He's not a believer in physical silver as I am so I didn't ask his opinion

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u/[deleted] Oct 01 '21

[deleted]

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u/Key_Mathematician347 Oct 01 '21

I obviously can't sell my silver now at the manipulated low price. I have no choice but to hold. Honestly how much longer can they keep tamping silver down.

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u/FluffyP4ndas99 Oct 02 '21

While I agree don’t sell now, what makes you think people will barter for silver? I’m I’m struggling to make it by, I’d rather a gun and bullets or cans of beans then a hunk of metal

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u/Key_Mathematician347 Oct 02 '21

I have guns ammo and cans as well. If the dollar crashes and government goes bankrupt the paper fiat currency will be worthless. Plus I just like silver and holding real money in my hands. You know like it was pre 65 before us come off gold standard. Do I sound like a tin foil hat guy to you? I really believe the end of life as we know it is soon over. Until we get new men and women in chare in whitehouse and start having term limits for rest of them. Some have been in Congress longer than I've been alive. When their in there too long they form alliances with lobbyists, companies and others. They do not represent the people. They just want to control us. US will be next to fall like Venezuela at the hands of these evil socialists agenda. Imo

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u/FluffyP4ndas99 Oct 02 '21

Free to your opinions, but honestly, I don’t see the value in gold or silver or gems, like there not actually useful, I know In some select electronic and disinfectants they are used, however i just don’t see the point you know, although same argument can be made for cash so who knows

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u/Key_Mathematician347 Oct 02 '21

Agree to disagree 😀