OPEX say this closes right around $275. Market tanking, and AMZN rebounded off of the low. They will not let her fall with the NASD. It will take a -70 pt NASD to bring it down from the looks of it.
although bears have nothing to worry about as there is almost NO WAY this runs much higher in the short term.
I expect this to hit the $23 level before retracement. By Friday, it appears $22 is very in play. The pressure from cancelling QE is overdone.
Silver spot price up over night - currently silver spot price = $21.82, which is $21.05 for SLV (the high for today).
If it holds overnight, this may finally rebound nicely tomorrow.
I have positioned for a short-term pop myself - through short-term $21 calls. I think this rebounds short-term, falls into the teens mid-term, and recovers $40+ by 2015.
Seriously bro, just let it trade. If you're so confident that it's crashing, just let it. Nothing you say here will impact the price as nobody here has $100M bucks to swing this in either direction.
Go outside, smell the fresh air, listen to the birds, and take a deep breath. Your short will do whatever it does.
Call option volume 2:1 Put volume today on SLV. It is really meaningless however as it could be either a) SLV holders hedging against further downside b) long call buyers expecting a rise
Regardless of the situation, it's probably more bearish than bullish as the big $$ boys writing the options almost never allow excess finish in the $$.
I'm with you on this 1 actually. I've been watching from the sidelines waiting for Silver and gold to correct for quite a while but I actually see market conditions creating a short-term bounce here.
I do not think silver is a good long-term buy YET. Short-term I can see $23 - $25. Longer out, I think this will be in the teens again before it's worth buying.
I'm currently loaded in a short-term bullish play.
This most likely has temporarily bottomed short-term. A bounce to $23 is not out o the question here. I would not be a buyer if you intend to hold longer than 30-days however as metals are currently propped up by the feds printing presses.
By this time next summer, I would expect this to be back around the $12 - $14 range but MANY unforeseen factors can impact that.
To anyone reading this - my buddy just confirmed hes FOS and this is not accurate information. He sent me a message about this from FOTW and when I asked him to forward it to me he said "jk LOL" so this is, as expected, BS
I have no skin here but I received an alert from fly on the wall that Facebook is in active talks to acquire BBRY and negotiating with the board for share price - expected to be somewhere around $19.
I would imagine if I were a BBRY shareholder, this would actually be quite disappointing, especially if I had been here since $20 or higher.
Watching patiently today. This is the first time in a LONG time that I have held calls overnight. Also, I did not buy these 'hoping' it goes to 16.50. I bought these thinking that $18 is a real possibility.
Blackberry Live annual conference starts tomorrow. The CEO speaks, they parade a bunch of investors, analysts, tech reviewers, etc etc. The buzz should drive the price up unless the reviews are terrible but I expect them to also launch a new product or 2 as well.
I bought 250 weekly $16 calls for .35 each and 117 $16.50 calls at .19 each.
I'm either a very happy camper this week or stuck with a broke checking account.
I think this event tomorrow throughout Thursday will drive the price of this up and finally get a short covering rally going. Also, if it comes out that Icahn is on board here, this will be $20+.