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<p>[QUOTE=&quot;desertgem, post: 2625180, member: 15199&quot;]Each month has an expiration date to settle options on the price of silver ( so called paper trade). If a trader has bought Call options, he wants to either cash it out ( If silver has had a uptrend) or &#039;roll over&#039; the trade to the following month buy simultaneously selling the expiring one and buy a new one a month down the road for the price difference and margin amount. The reverse for Put options which bet it goes down. The 20th is the date for this expiration, but the last date of trading is Friday, so if the trader hasn&#039;t done anything, he lost it. Some feel from the movements of the POS that it is going down more before Sat., they cash or roll over. If they wait until Thursday, or horrors Friday, they are at the mercy of the market, so many start early. If silver is down tomorrow, it will probably increase that loss on Friday.But of course, world events do not always follow the calendar.[/QUOTE]</p><p><br /></p>

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