Silver Options Play

By prmadm, May 10, 2013

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

I’m looking for a good way to capitalize on a possible comeback for silver. I’m thinking about buying SLV near-the-money option calls (either $23 or $24) with a strike date of JAN 14. My only concern is that the shares may trend downwards further in the near term which could provide a better entry point for me. To be honest, I’m not a savvy investor of precious metals. Any suggestions as to if this is a good move at this time or not?

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