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<p>[QUOTE=&quot;sodude, post: 2030677, member: 30828&quot;]You&#039;re a dealer, you purchase 100oz of Silver Eagles today for $1 over spot. You buy 1 at the money SLV put (expiring next Friday) for $30 including commission. So your cost is $1.30 per ounce.</p><p><br /></p><p>If silver doesn&#039;t move, and you sell them before options expiration for $3 over spot, then you realize $1.70 per ounce profit.</p><p><br /></p><p>If silver went up, you make more money.</p><p><br /></p><p>If silver dropped $2/oz then you break even on the Eagles (selling $3 over spot) and make $1.70 /oz on the put.</p><p><br /></p><p>You&#039;re making over 10% with silver at $16/oz.[/QUOTE]</p><p><br /></p>

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