I bought a bunch of ZSL calls today because why not. Not sure if I will make more money than I lose based on my other holdings, but the good thing is I can claim to be a genius if silver goes up or if it goes down. That's what's important.
I had SLV calls going into Thursday.
At least I had some ZSL as a hedge but not nearly enough. I also sold most of them at the open but silver continued to tank.
I am pretty much going to be on the sidelines when the market opens in the morning.
Not likely refiners not buying everyone hedging selling futures buy $2 ZSL calls to save yourself
https://www.mining.com/web/chinese-speculators-set-the-stage-for-gold-and-silver-crash/turnover-on-biggest-silver-etf-surges-to-record-41-billion-traded-value-of-slv-on-friday-was-greater-than-apple-and-amazon-combined/
https://www.jckonline.com/editorial-article/metal-refiners-take-ins-payments/