/biz/ - Business & Finance

https://www.zerohedge.com/markets/jpmorgan-pay-record-1-billion-settlement-over-precious-metals-treasury-manipulation

For any anons who have been closely following silver / trading options on silver, you NEED to read this article.
Essentially, JPM settled for $1 billion that they were manipulating silver; the settlement was just reached.
They were on their best behavior while the investigation was ongoing; it was definitely starting to wrap up over this past week (to be announced today)
Monday their traders resumed their activities.

We are going to see SUPER red days for silver ahead, possibly as low as $18
Long-term, this is unsustainable, and will result in a COMEX default (regardless of new Chinese refineries)
Expect silver to tank probably until the end of November..

Good luck anons!

>>22621729
Can anyone convince me why I shouldn't buy PSQ January 2021 calls if I believe the market is going to crash in the next 2 months?
>Theta is only -0.0043, everything ITM intrinsic value is greater than the strike (they'll pay you to buy the option if the price stays the same..)

It seems very, very hard to not print (unless you're [irrationally] bullish)