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RE: My Top 5 Silver Mining Investment Picks For 2018
I just picked up a few more shares of First Majestic today.
I've never used options before, but have been learning about them here and there for the past year.
Nice! Ag has taken a beating lately with the strike last year, which in turn suspended production, which in turn lowered earnings. If that wasn't bad enough, the silver price slid and Ag become a favorite victim for the shorts. Any shorts left however I think are about to get squeezed... hard over the next two months.
As for options, they are a good way to lose money unless you are writing them! (for income) Being on the buying side, puts you at an inherent disadvantage. For me, I'll only buy an option when my conviction level is EXTREMELY high, and the price is very cheap.