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No. of Recommendations: 3
Buy Jan 16 @20 and sell Jan 16 @21 for a net of 13.2 per contract. So if SLV goes above 21 I make $100 per contract if SLV stays below 20 then I lose $13.2 per contract.

I think silver is forming a bottom for the last 6 months and has a potential to move up. Current silver price is 16.75. So silver has to move 25% for this trade to be profitable in 245 days. The payout are large in asymmetric setups like this but so are the probabilities of it not happening.

PS: I know most of you, perhaps with an exception of Naj, may not be interested in commodities or options, etc. If you feel this is an distraction, let me know, I will stop posting these fringe ideas.
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