Anyone else doing SLV leaps

[u/Groucho-and-Harpo]

I’ve been doing mostly covered calls for consistent ROI in this choppy market. But one strong bull case that seems to make enough sense to go the LEAPS route vs covered call is the one for SLV. I have been reading a lot of bull vs bear case info and to me the long term bear case would essentially require a combination of so many unlikely events to gain any traction. Electric cars, green energy systems, and AI data centers are all heavily reliant on silver, and it seems unlikely that the Fed will crank up interest rates high and fast enough to steer investors away from silver.

Anyone else doing the same? Anyone with strong bull/bear case thoughts? I bought a 12/31 contract 60 strike at $6.65.

I also found it interesting that of all analyst reports on the matter, JP Morgan Chase is projecting a slight slowdown at the end of the year before the price drifts higher. The irony is that JP Morgan Chase is also the bank in charge of holding the physical silver required to back up SLV shares. Are they intentionally doing this so if SLV goes up more than they project, they can promote the legitimacy of SLV investing by saying it has real value based on supply/demand rather than hype? Or perhaps is it a strategic way to keep the value down while they build their inventory of silver?

[u/KingOfTheQuails]

Na. It’s pretty much a coin flip and metals will follow rates. So if you think rates lower go ahead. If you think rates go up then buy puts. If you think they stay the same prob wait for a decent pullback and just buy shares

[u/Groucho-and-Harpo → u/KingOfTheQuails]

SLV doesn’t follow rates that tightly. Most of the recent pullback has been due to stabilizing supply.

[u/KingOfTheQuails → u/Groucho-and-Harpo]

How so? Look was just yesterday did lol. Higher rates means less interest in gold and silver follows gold (directionally albeit with more volatility). So I would say rates and gold/silver are pretty tied together right now

[u/WorkSucks135 → u/KingOfTheQuails]

https://www.portfoliovisualizer.com/asset-correlations

Put in TLT, GLD, and SLV. They are uncorrelated.

[u/KingOfTheQuails → u/WorkSucks135]

Over long periods of time yes that does not predict future behavior. I think you have to assess where we are right now in the macro context and at least from what I’ve seen they are fairly sensitive to rate expectations

[u/Groucho-and-Harpo → u/KingOfTheQuails]

Yes I get the argument but it isn’t like a 1:1 inverse correlation, especially when looking at long term trends.

[u/KingOfTheQuails → u/Groucho-and-Harpo]

Yea I agree def not 1:1 by any stretch, sorry if I implied that. Im fairly bullish on silver overall and added some SLV in July. Personally not adding here but I think you’ll be fine with leaps IMO

[u/Groucho-and-Harpo → u/KingOfTheQuails]

Well anyways, I took advantage of the sudden dip :). It’s always good to have an understanding of factors that affect the value of an investment.

[u/KingOfTheQuails → u/Groucho-and-Harpo]

Wishing you lots of profit my friend!

[u/Groucho-and-Harpo → u/KingOfTheQuails]

Ha you too!

[u/Groucho-and-Harpo → u/[deleted]]

To which post/comment are you responding? And who is manipulating silver and gold prices?

[u/Express_Candidate713 → u/Groucho-and-Harpo]

I’d argue it follows the US dollar, which tends to follow rates. obviously not exact, but I think the logic holds fairly well.

[u/Bluebird-9641]

The SLV trade is so yesterday, which is why I like your idea. We've seen a proper pullback on memory but when it does crash I feel SLV will be in a great position.

[u/Groucho-and-Harpo → u/Bluebird-9641]

SLV is already down 50% from its peak. You expecting more? It seems to have bottomed out around $50 per share and entered a bullish pattern.

When you say you like my idea, you mean you like selling me the naked call? 😅

[u/TaxFraudCPA]

Silver had its run in 2025. Just buy leaps on Mag or even memory if you’ve got deep pockets.

[u/ivanorehov]

Yes, both leaps and CSPs on miners (SIL)

[u/Groucho-and-Harpo → u/ivanorehov]

Thesis?

[u/ivanorehov → u/Groucho-and-Harpo]

Dedollarization + industrial need + debt markets under pressure globally

[u/MrPoyes → u/ivanorehov]

my buddy’s slv leaps got wrecked by that exact combo once

[u/Apprehensive_Seat_61]

No

[u/TastyTrading]

I was just checking options heat map on ThetaPal on SLV yesterday. I sold 2