Option Expiry and CGP

Tue, Feb 23, 2021 - 11:12am

I've been out all morning and dealing with my annual physical exam. So it's a bit of a late start but we'll try to cobble together this post as quickly as possible.

Of course the main item today is the option expiration for the Mar21 silver. If you've been around TFMR for any length of time, then you know that The Banks routinely rig price into whatever level inflicts the least amount of financial pain at settlement. Last week, this level appeared to be close to $27.50 and, just yesterday, we wrote that it was highly unlikely that Comex silver would close above $28 today. And...

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