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<p>[QUOTE=&quot;desertgem, post: 1535771, member: 15199&quot;]Futures have high risks, generally less leverage, and delivery possible. They are limited in the amount of metal each contract represents, and they have a termination date ( but commonly are rolled over by selling the old contract and buying a new further dated contract in one order for the cash +fee difference. Margin increases come originally from the exchange when the volatility has a imbalance between long and short contracts, such as burst up or down of price, and you are on the wrong side of the trade. Leverage in futures is due to the use of margin accounts. You may use your backing for a margin with your broker, the broker uses it to establish margin with the exchange. SO if the exchange issues a margin call to the broker, he will take funds from you to fill it. If you run out of funds, he will cash out your future and you lose big. If you have the right side of the trade, as the price of metals go up, the value of your contract goes up and you can make money, selling before the expiration if you wish to lock in the value.Copper ETFs are not as popular as the SLV and GLD, so the bid and ask for options on them is usually 1 or 2 cent difference. so you can get a trade easily. JJC is much farther apart, often 30 cents or much more. If copper is going up, you can usually get a good sell of a call as most think it will keep going up and want it. If copper is dropping fast, it is very hard to get a good price as most think it will go lower. I traded JJC hard a couple of years ago and did well, but it is still too shaky for me to take a chance now on options, but as a long term outlook, the ETF share looks better to me than physical copper metal.&nbsp; I am not sure if I answered all. I edited this down, but probably still too long. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Jim<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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