Hey Shrink wanna make some money?

[SSI]

If you do, im advising to buy DEC Silver 22 Call Options...

I purchased 2 a couple of days ago, for the price of (47 cents) ($2350) each.

they can still be bought for just under $2500 each..

each contract is for (5000 oz) of silver.... so essentially you can control this amount of silver for 5 months..

we (my broker and myself) are expecting a nice move up in Silver, as well as many other commodities.

The high on silver, occurred in march at ($21.50), the low off this upmove was ($16.05) in may... today silver trades at ($17.33) or thereabouts...

Basically you can get long silver for 5 months for just Under ($2500) per contract.... your total risk on the trade is simply what you pay for the option, you can never lose more, when simply purchasing an option...

The price of ($18.78) is very pivotal for dec silver, if we take that out, we will make new highs, thus sending the price of our options soaring...

If your interested i can tell you more.

Currently Long 2 Dec Silver 22 call options at (47 cents) each.... 1 cent is $50 when trading silver...

this will be a nice money maker over the next few months, at minimal risk..

 

[THE SHRINK]

Re: Hey Shrink wanna make some money?

SSI,

I always want to make money...91023i2ndw;l

Thanks for the tip...

 

[SSI]

Re: Hey Shrink wanna make some money?

buy the dec 22 call options in silver, right now, at just under $2500 each. i got 2 for $2350 each, a couple days ago... ive got exactly $4760 in the deal, commission and all...

we are going to retest those highs soon... just think if dec silver hits ($30) an ounce. those options will be worth $40,000 each, plus any time value they may have on them...

this is a good trade...

 

[SSI]

Re: Hey Shrink wanna make some money?

Shrink dont know how vested you are in the stock market but this will also make a good hedge play, against the coming drop to (10,000) in the dow...

you are getting ready to see some fireworks in the coming weeks, it may take until sept but the dow is going to drop at least 2000 pts and metals will soar to new highs..

im a chart reader and if you pull up a monthly chart for the dow jones, you will see a huge M formation... this is a strong indicator of a major drop coming.

inflation is getting ready for yet another leg up... Silver to $30 by december, as well..

let me know, if you buy any or need a place to buy it...

 

[shapsplace]

Re: Hey Shrink wanna make some money?

More info please... i am not too familiar with options; do i need a special account for options trading? i currently use Scottrade & Ameritrade for trading stocks...

 

[SSI]

Re: Hey Shrink wanna make some money?

shaps, you will need a commodity broker...

i trade at (redlands futures and options) redlands ca.
they clear thru (rj obrien and associates), one of the most respected firms in the business..

you would need to open an account.... make a deposit and then you can trade futures or options in the commodity markets...

i have the number and my brokers name is (Nick Kioussis), if you want it... he probably has now left for the day..

get my email from blondie or a mod and ill give you the info... but i guess its ok to put on the forum...

i can help you out, as i do this alot but hardly mention it on the forums any longer, as almost no one knows anything about it... might as well be speaking russian...

 

[shapsplace]

Re: Hey Shrink wanna make some money?

Thanks for the info… I just got off the phone with my financial adviser and his advice was to look for an ETF that deals with the commodity of Silver instead of the Option in silver itself. Do you have any thoughts on this? My financial adviser has a very conservative approach to investing, sometimes to a fault but I reckon he just doesn’t want to see his clients have any opportunity at losing money. <o></o>

 

[SSI]

Re: Hey Shrink wanna make some money?

probably the safe play but not the best way to capitalize..

BUYING options is the safest way to mess with the futures markets.. your loss is entirely limited to the purchase of the option... so you cant lose any more and you can sell the option, whenever you like...

i am a trader, as well but buying options (for me), is like investing...

let me know if you need any more help....

 

[shapsplace]

Re: Hey Shrink wanna make some money?

thanks for your input and information... I am going to do some research on Option/Commodity trading and I will get back to you with specific questions regarding the Silver sector... thanks again--C

 

[SSI]

Re: Hey Shrink wanna make some money?

no problem....

trading futures is not for everyone and is very risky.... i wouldnt advise you to do it..... however what i proposed was a trade in which the risk was identifiable and determined, with a good chance at making alot of money..

i used to trade the emini sp 500, daily..... i would now, if i could it fulltime but you cant do it halfway....

i never thought, we could see $10 corn but its going to be possible.. dec corn currently trading around $7.65 per bushel...

 

[Jeff Jones]

Re: Hey Shrink wanna make some money?

"Hello, I've never heard of this commodity thang, but I want to trade something called options on silver."

"How did you here about us, sir?"

"On an Internet message board."

"And who recommended that you should be trading silver options?"

"Well, I don't know. He was anonymous."

"Do you have any commodities trading experience?"

"No."

"Do you even know what a Sliver Dec 22 call option means?

"Well, not really."

"So, let me understand this. You want to trade calls on precious metals in a market of which you have no knowledge based on a recommendation by an anonymous poster on an Internet message board?"

"Yes!"

"Well, Sir, you sound like an ideal trader! I'll have a broker call you right back. And while we're not on a recorded line, fudge a little on those income, liquid net worth and net worth figures. Gets the account papers through so much faster! I'll have a broker call you right back!"

 

[SSI]

Re: Hey Shrink wanna make some money?

Jeff, only problem is,,,, the post was to Shrink and ill bet he has heard of silver call options..

 

[Jeff Jones]

Re: Hey Shrink wanna make some money?

Great...

But I made my point to the greedy unwashed.

 

[SSI]

Re: Hey Shrink wanna make some money?

your right, i said, its not for everyone...

talking commodity trading, is like talking chineese to 90% of america... thats why i hardly bother with it here...

its a world, that most here would go crazy over, if they knew how to do it.. legalized gambling around the clock, when you daytrade the emini sp... $50 for every pt it moves..

 

[The Seer]

Re: Hey Shrink wanna make some money?

A full isze contract in silver is <TABLE cellSpacing=0 cellPadding=1 border=0><TBODY><TR><TD vAlign=top align=right>Initial Margin: </TD><TD vAlign=top align=left>$6,750 Maint Margin: $5,000</TD></TR></TBODY></TABLE>
There is a support line on the chart at $16 for July silver. There were 24,191 contracts traded for July and only 433 for Dec yesterday.

A week ago any purchase of silver was a good idea in the low 16's. This is true because it went up since and 8 cents or $400 today to 17.47. This is a dollar or $5000. I started this a few minutes ago and silver is now up 17 cents. This is a fast moving contract.

Anyone who bought this would have put in a protective stop sell order at $15.95 or so. This would have (likely) sold at at 15.93

This would have allowed loses to be no more than 30 cents or $1500. Of course, it could have fallen fifty cents at opening. You would have been stopped out for a $2500 loss. These things happen and sometime it comes back the same day and you are screwed.

In the very long run, options sellers make about 20% annual return on their sales.

This idea of buying a silver is as good as the next. An accoont holder should not risk more than 2% or 3% of the account on any one transction; just like in the NFL. A person should not consider this if he does not have at least $50,000 in risk capital.

 

[Jeff Jones]

Re: Hey Shrink wanna make some money?

It's easier just to take the Celtics tonight in Game 7.

 

[SSI]

Re: Hey Shrink wanna make some money?

Seer, you are talking about the futures market for silver..

my gosh, i was talking about buying a call options..

what you need to watch is $18.78 in silver, if we take that out, we will test the old highs of $21.50..

i can talk trend lines and chart reading, with the best of them...

i dont even have enough money to trade silver futures, so i definately wouldnt advise anyone here to do it..

buying a call option for dec silver is entirely different..

i bought 2 dec calls (22 strike price) for roughly 47 cents each, so ive got about $4760 in the whole deal.. this includes comm (rd turn)... that is my entire risk on this...

i did not need $50k to make this deal, only the $4760 to make the trade, my profits are limitless but my risk is defined..

its a world of difference, in talking option buying and futures trading..

 

[shapsplace]

Re: Hey Shrink wanna make some money?

"Hello, I've never heard of this commodity thang, but I want to trade something called options on silver."

"How did you here about us, sir?"

"On an Internet message board."

"And who recommended that you should be trading silver options?"

"Well, I don't know. He was anonymous."

"Do you have any commodities trading experience?"

"No."

"Do you even know what a Sliver Dec 22 call option means?

"Well, not really."

"So, let me understand this. You want to trade calls on precious metals in a market of which you have no knowledge based on a recommendation by an anonymous poster on an Internet message board?"

"Yes!"

"Well, Sir, you sound like an ideal trader! I'll have a broker call you right back. And while we're not on a recorded line, fudge a little on those income, liquid net worth and net worth figures. Gets the account papers through so much faster! I'll have a broker call you right back!"

I apologize for showing interest in something I knew little about. I am always looking to diversify my portfolio...<?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>

"Imagination is more important than knowledge. For while knowledge defines all we currently know and understand, imagination points to all we might yet discover and create......AE"

 

[The Seer]

Re: Hey Shrink wanna make some money?

I know your risk is $4750 which is 3% of > $150,000. Of course your call is a call to buy a Dec silver futures contract at $22 in Dec.

buying a call option for DEC silver is entirely different..

Of course it is different. However, if Dec silver breaks out a little and fails to hit $22 by <TABLE cellSpacing=0 cellPadding=1 border=0><TBODY><TR><TD vAlign=top align=right>First Notice Day: </TD><TD vAlign=top align=left>Last business day of month preceding contract month.</TD></TR></TBODY></TABLE>your calls will decline with time, the big killer of options. Calls may expire on a different, day.

i did not need $50k to make this deal, only the $4760 to make the trade, my profits are limitless but my risk is defined..

Of course if you have a winner, $4750 is all you need. Just keep having winners.
Good Luck!

 

[mofome]

Re: Hey Shrink wanna make some money?

I know your risk is $4750 which is 3% of > $150,000. Of course your call is a call to buy a Dec silver futures contract at $22 in Dec.


Of course it is different. However, if Dec silver breaks out a little and fails to hit $22 by <table border="0" cellpadding="1" cellspacing="0"><tbody><tr><td align="right" valign="top">First Notice Day: </td><td align="left" valign="top">Last business day of month preceding contract month.</td></tr></tbody></table>your calls will decline with time, the big killer of options. Calls may expire on a different, day.


Of course if you have a winner, $4750 is all you need. Just keep having winners.
Good Luck!

is this the real seer?

:nono

 

[The Seer]

Re: Hey Shrink wanna make some money?

Um, it is my alias that I started last year. I am not anyone famous if that is what you mean. If there is a hot shot NFL picker that is well known, I am not him.

 

[mofome]

Re: Hey Shrink wanna make some money?

Um, it is my alias that I started last year. I am not anyone famous if that is what you mean. If there is a hot shot NFL picker that is well known, I am not him.

Just a poster from another board that i know. Great guy, but he loves dallas and the vols. Looking at your profile i figured you two were not one in the same.

12io4j2w90

 

[The Seer]

Re: Hey Shrink wanna make some money?

I should have said last NFL seasin. I also like Dallas and rode them hard last year. When I saw Tony R. throw and have Farve as his role modle, I knew he was a winner.

The Vols are one of my favorite teams. They had the stones to shoot their musket in Madison (or the People's Republic) Wis,

 

[SSI]

Re: Hey Shrink wanna make some money?

Seer, trust me, i know all of this...

options out of the money (OTM's) are worth nothing but their time Value and they will decline rather quickly the last 30 days...

short term move back to $100 a barrel in oil, was todays rumor, any comment on that...

as for silver, i do not want $16.05 to be taken out...

 

[Jeff Jones]

Re: Hey Shrink wanna make some money?

I apologize for showing interest in something I knew little about. I am always looking to diversify my portfolio...<O></O>

You SHOULD apologize.

I'm just trying to help you keep your money. You don't learn this stuff on an anonymous website. Actually, it would be better for your financial health to never learn this stuff.

Without total chaos in the world in the next five months, you are going to lose on the recommended strategy. Being long deep, out-of-the-money calls on ANYTHING is a total lottery for anyone.

The broker makes money, the firm makes money, and you lose. Two out of three ain't bad.

Do you have any reasoned opinion on the direction in the price of silver between now and December? Of course not.

Maybe we can start rocket science training classes on Monday.

 

[SSI]

Re: Hey Shrink wanna make some money?

yes you goofball, its forming a base and a W formation... ill bet if you could read a chart (jeff), you could see this...

its all in the charts, my friend...

of course, it is not a preferred common practice to buy deep OTM calls but im not about to get on here and start teaching (Futures trading).. except for you Jeff...

tell you what Jeff, pick a market quickly, like in the next 5 minutes and ill work you up a trade...

ok, go..

 

[SSI]

Re: Hey Shrink wanna make some money?

Jeff, i waited and you didnt give me a market...

you do not trade off fundamentals ole buddy, you trade off technical indicators...

 

[Jeff Jones]

Re: Hey Shrink wanna make some money?

Yep, that life-changing "W formation."

It's all in the charts? So, if it's as simple as that, why isn't everybody doing it? You and Sister Cleo are the only ones who can explain the same "chart wisdom (the W formation)" that everybody else is oblivious to? How self-fulfilling is that prophecy?

Do you think that the options specialist who fills your long trade is just rubbing his hands together awaiting some rube to come along who doesn't understand the super-secret "W" Formation to lay these options off on?

Of course not, he sells to open five points of time value against you. He wants your options to the bitter end in December unless he can trade for a better deal in March. He'll close it eventually and reluctantly only if he is forced to maintain the market in the option.

If you think this is the way to go in options trading, you better hope for the lottery.

 

[The Seer]

SSI, info was new new traders

SSI, info was new new traders

11 days left in July corn Corn (C, CBOT): Daily Commodity Futures Price Chart: July, 2008

-18.5 today. Possible failure. Longs may want to deliver or take profits. Or, a squeeze may get in as there must be little barge traffic on Mississippi (a fundemental). Want to try this market?

I was putting out my info for the less informed. Of course you understand what you are doing. The biggest reason for me losing in futures is over trading my accounts.

 

[SSI]

Re: Hey Shrink wanna make some money?

Jeff, if you must know. i rarely buy options... i thought id drop a simple trade here, something that was not risky and easy to understand...

however selling options can be filled with risk also... takes about one good Loss to wipe out 40 wins...

i cant talk with you tonight but ill pick it up later...

ive bought and sole many, many, many futures contracts, Jeff...

you mentioned, if it was that simple...... Jeff, almost no one here, knows what we are talking about, so obviously its not that simple..

you cant have this kind of conversation on this type of forum...

go meet me at TFC, there we can discuss it...

 

[Jeff Jones]

Re: Hey Shrink wanna make some money?

I don't care to discuss it.

I just shoot down the nonsense the same as I shoot down the tout nonsense.

 

[SSI]

Re: Hey Shrink wanna make some money?

July corn, first off, we should switch to december now...

you obviously need a trade over todays high of 738...

there is a gap at 675, you can see it, looking at the chart... its probably a break away gap (gap not filled in 3 days)....

if we close over 7.50, id buy with both hands... until then looks like a short term top..

you want a trade for tomorrow, just looking at the numbers...

Place a buy stop at 7.39, if filled place your stop loss at 7.17 and hold on mama... add to the sucker at 750 and roll your stop up..

let me know if this gets filled... looks like a good trade, actually.. if you get filled, it will be a winner.

 

[SSI]

Re: Hey Shrink wanna make some money?

Seer, i just did a quick check of the night-time quotes on project A... corn down another 9 cents overnight..

short-term doesnt look good for bulls but knowing the fundamentals, i couldnt short this market, i wouldnt have the guts..

id roll to dec and wait for the next up swing. ideal time for call buyers on this down turn, selling dec puts would be an option as well.

 

[OSUCOWBOYS]

Re: Hey Shrink wanna make some money?

"Hello, I've never heard of this commodity thang, but I want to trade something called options on silver."

"How did you here about us, sir?"

"On an Internet message board."

"And who recommended that you should be trading silver options?"

"Well, I don't know. He was anonymous."

"Do you have any commodities trading experience?"

"No."

"Do you even know what a Sliver Dec 22 call option means?

"Well, not really."

"So, let me understand this. You want to trade calls on precious metals in a market of which you have no knowledge based on a recommendation by an anonymous poster on an Internet message board?"

"Yes!"

"Well, Sir, you sound like an ideal trader! I'll have a broker call you right back. And while we're not on a recorded line, fudge a little on those income, liquid net worth and net worth figures. Gets the account papers through so much faster! I'll have a broker call you right back!"

You just talked me out of this Jeff........ op:

 

[The Seer]

The REAL reason the futures market exists, insurance

The REAL reason the futures market exists, insurance

There was another thread http://forums.eog.com/online-sportsbooks-and-gambling-discussion/futures-investing-116156.html
about futures.

Cordy said"
I thought I would put this into a single thread. I posted it before and its buried. If anyone wanted to start a commodities account, this an easy trade. Corn is going to be the next future to explode up.

There is much discussed there. Anyone who bought corn with deep enough pockets to ride out a downturn would be up > $2.50 or a good percentage of a million if a person used their increased margin to double up.

Quote:
<TABLE cellSpacing=0 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">I've always taken the buy and hold approach, as I didn't know much about how the actual market worked.



</TD></TR></TBODY></TABLE>

Depends on your age. 2008 may be the year baby boomers hit their peak spending years. If this 1998 prediction holds, the stock and large home markets will be in trouble.

Suppose your stock holdings are broadly similar to the S&P 500 index. If you sell you will incur an income tax liability. You will not get your dividends and if you want to vote your shares you cannot.

If you suspect a downturn you can sell a S&P, Dow or other contract(s). This gets you out of risk. If your shares go down, your S&P short will make taxable income. If the market goes up, your S&P will lose money but your shares will go up. Your only gain is dividends.

Example: You thought 14000 was a short term limit on the Dow. You sell enough Dow 30 contracts to cover your possible losses. When you think it has fallen enough at say, 13000, you buy back your short position.

 

[THE SHRINK]

Re: Hey Shrink wanna make some money?

I think it's time so SHORT PORK BELLIES...

Afterall, they aren't healthy for ya...

 

[SSI]

Re: Hey Shrink wanna make some money?

Seer, i want you to notice..

you asked me for a trade today, in July corn..

i told you to place a buy stop in the market at (739.00), todays high is now (738.00), the market has since dropped back to (731.00), so the trade is not yet filled... but i placed the buy order at the correct price...

last night we got down to 719.00

so what you have is a near term channel from 738.00 to 717.00 (thursdays low)...

a close Over or Under of either of these numbers (over 738) or (Under 717) will show you near term direction...

so play this channel... i know how i would play it, should i be actively trading..

 

[The Seer]

SSI, sound reasoning

SSI, sound reasoning

so what you have is a near term channel from 738.00 to 717.00 (Thursdays low)...

a close Over or Under of either of these numbers (over 738) or (Under 717) will show you near term direction...

A sound application of chart theory. While I asked for a market, I knew it was going to be a mental exercise for me. My trading house gets me out 3 business days before First Notice Day, unless I have full margin (~ $38,000 per contract). Only 6 trading days so 3 for me.

Its too dangerous for me 'tho. I will not short it as it could do a "March 1996 wheat" and run up > $1.20 in a matter of minutes with no sellers.

If I wanted to go long, I would, as you suggested, move up to the Dec contract. I am not as I wanted to buy 2 Dec back in March when it was ~ $5.00 but I chickened out. If I was chicken then, I am not bold enough now!

I am geting too old for this kind of action. It was keeping me up at night. Nice simple bets on the NFL for me.

 

[SSI]

Re: Hey Shrink wanna make some money?

Seer, i know exactly what your talking about (believe me)...

well, we closed near lows of session... glad that buy stop was never filled at 7.39..... i can at least recall a few things..

i wouldnt want to be Long or Short this weekend, the close indicates a near term short direction but we still didnt break 717 and certainly didnt close Under it (i dont think, i actually didnt see the Settle price)...

nice to have a little conversation.... pretty much rocket science to most people...

 

[HIGHLANDPARKDR]

Re: Hey Shrink wanna make some money?

NEWBIE HERE / Love this site what topics (IF ANY) are not on/in EOG Fourm(s) ............and can ANYONE give me that 10th "Store" in the 2007 TOP 10-Stores (again I see 9---only)


DR