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Moderator
 United States
190483 Posts |
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I saw at least 1 person in my stock chat group comment that he bought the dip in SLV.  Quote:
But that is also the same group I heard this morning complaining at how calm the market was. Quite literally begging for some action to occur. Willing it to be.   Quote:
Personally, I'm currently all in, until I close some other positions, but if I could buy more right now I would. Just a little though.  |
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Pillar of the Community
United States
1136 Posts |
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It will be interesting to see where the day ends. I'm watching the VIX closely for signals. So far, volatility has peaked and is trying to settle down very slightly. Maybe it will start to drop? Last thing we need now is for another shoe to drop. But the players might all be expecting that. Best case, it resumes the climb. But it's too late in the day so more likely for it to stall out here while the fear and the noise dissipates. But..... I don't feel good at all about the holding overnight option at this level. Edited by Harry213
02/12/2026 2:24 pm
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Pillar of the Community
United States
1136 Posts |
Just about everything that sold off has flattened out and is moving sideways now. It will be interesting to see which assets, if any, begin to recover first.  |
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Pillar of the Community
United States
1136 Posts |
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So, what happens now? Negativity lasts a day, two or three, awaiting a $60-handle & then buy $80 Calls.... rinse & repeat til a breakdown or breakout. I've been giving it some thought First let me say, bite your tongue !! How dare you mention the 60 number !!  No, No, just joking, but in all seriousness though. It's possible to lose $76 to the overnight shenanigans. If that happens, I will be watching closely to see where it stops. If it stops and bounces before $63, and I mean a sustained bounce not a dead cat bounce. A double bottom. Still bullish. Buy Calls. If the dreadful $60 prints then, new bottom. lower low. sad day. Very Bearish. Sell Calls, perhaps out of the money calls. |
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Moderator
United States
190483 Posts |
My guess is we are hanging around the 70s for a while, but that is just a guess. $60 is still > $30. |
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Pillar of the Community
United States
2874 Posts |
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First let me say, bite your tongue !! How dare you mention the 60 number !! I wouldn't be surprised if we see an intraday $6X.XX print in by tomorrow or Tues. It'll most likely be short-lived, buyers will step back in and within the next week or two we're back in the $80's. |
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Pillar of the Community
United States
1136 Posts |
I'm really hoping we never get to $60
The reason I mentioned buying the calls on any pullback that stops and bounces above $63 and selling the calls at anything that goes below $63 as a trading strategy.
For those that are trading through this epic ride, for me selling out of the money calls if SLV hits $60, would be damage control, because I already own the shares, I'd sell the calls against my shares and collect the premiums. Rinse and repeat. Because at that point I would be bearish on SLV and wouldn't expect it to hit $80 again for awhile. Worst case SLV hits $80 again and my shares get called away for $80 a share.
But as coin rejector mentioned earlier, If instead I was bullish or even bearish for that matter, at $63 or $60 anyone could also buy the $80 calls and sell them each time silver popped towards $80, rinse and repeat.
Edited by Harry213
02/12/2026 3:43 pm
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Pillar of the Community
United States
1136 Posts |
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I wouldn't be surprised if we see an intraday $6X.XX print in by tomorrow or Tues. That is blasphemous, and I will pray to St. Joseph for you, hoping you will repent.  |
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Moderator
United States
190483 Posts |
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That is blasphemous, and I will pray to St. Joseph for you, hoping you will repent. |
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Pillar of the Community
United States
2874 Posts |
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That is blasphemous, and I will pray to St. Joseph for you, hoping you will repent. My buddy refers to me as, The Devil , for some odd reason.  |
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Pillar of the Community
United States
1136 Posts |
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My buddy refers to me as, The Devil , for some odd reason. Hmm your buddy may be on to something  Hang on while I run and get some holy water Silver is at $74 now stop it |
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Pillar of the Community
United States
1136 Posts |
Hey not for nothing guys but I just looked  S&P and Nasdaq selling off again I don't know what happened but this may be a crash coming across the board  |
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Pillar of the Community
United States
1136 Posts |
VIX volatility index spiking up again too
What the heck happened today?
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New Member
United States
35 Posts |
A higher low here would be nice.
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Pillar of the Community
United States
2874 Posts |
The market is just spooked going into a long holiday weekend, we get CPI inflation data tomorrow which could have an impact on the Feds decision to cut rates, A.I. bubble, housing.
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Replies: 2,838 / Views: 92,779 |
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Posted 02/12/2026 2:06 pm
