No guarantees are being made to the content's accuracy or completeness. The History of Silver and Silver Futures. As early as B. Later, many other civilizations also came to recognize the inherent value of silver as a trading puts. Silver is considered by many investors to be an inflationary hedge options a currency hedge against devaluing currencies. Here is the option strategy guide for metals courtesy of the CME Group. Insilver assumed a key role in the United States monetary system when Congress based the currency on the silver dollar, and its fixed relationship to gold. Silver was used for the nation's coinage silver its use was discontinued in In President Richard Nixon took the United States off of the gold standard which led to the dissolution of the Bretton Woods currency system. Mexico is the only country that still uses silver in its coinage. Today, silver is sought as a valuable and practical industrial commodity, and as an appealing investment. The largest industrial users of silver are the photographic, jewelry, and electronic industries often use silver futures and options to hedge their risk. Silver conducts heat and electricity better than any other metal. Silver is used in cell phones, plasma TVs, computers and many other electronic devices. Unlike goldsilver is considered non-recyclable because of its minute density within the electronics that it is used for. In other words, it is unlikely that someone will break apart their cell phone to reclaim 10 cents worth of silver used in its production. During the September 11 terrorist attacks the COMEX was destroyed but within options the silver futures and silver options markets were trading again. This is a testament to the strength and reliability of the silver futures markets and the commodity exchanges. Are you a silver hedger? If so, click here to learn more. A silver call option gives the purchaser the right but not the obligation to purchase the underlying futures contract for a specific time period and a specific price options price. Of course, very few options are bought for the purpose of taking delivery but that is one potential outcome. Chances are that you either bought the silver option to hedge your price risk in the physical silver market you may be a producer and options a silver mine or an end user like a jewelry fabricator or you are speculating that silver prices will go higher in an attempt to make a silver. A silver put option gives the purchaser the right but not the obligation to sell the underlying futures contract for a specific time period and a specific price. The delta factor of an option represents the estimated percentage of change an option will receive based on the movements in the underlying futures contract. Options are wasting assets which means that they lose value as time passes. The theta of an option is the measure of time decay. Let's also assume that the puts futures prices have moved very little over the options month and are exactly the same price 30 days later. Your option will have lost 30 days worth of time and therefore options be worth less today that it was when it had 60 days left until puts. Vega is a measure of the implied volatility of an option contract as it relates to its underlying futures contract. For instance, if the underlying futures contract is extremely volatile then the implied volatility of the options of that futures contract will be affected. In a high implied volatility environment option premiums tend to expand. Conversely, in a low implied volatility environment the option premiums tend to decrease. One COMEX Division silver futures contract. Silver Futures and Options: Trading is conducted for delivery during the current calendar month, the next two calendar months, any January, March, May, and September thereafter falling within a month period, and any July and December falling within a silver period beginning with the current month. The nearest five of the following contract months: March, May, July, September, and December. Additional contract months - January, February, April, June, August, October, and November - will be listed for trading for puts period of two months. In addition, a month option is added on a July - December cycle. Dollars options cents per troy ounce. Maximum Daily Price Fluctuation. At the close of business on the third last business of the maturing delivery month. Second Friday of the month prior to the delivery month of the silver futures contract. Two-month options - puts Friday of the calendar month which is two months after the month in which the option is listed. Silver delivered against the silver futures contract must bear a serial number and identifying stamp of a refiner's officially listed brand. Delivery must be must be made from a warehouse or vault licensed or designated by the Exchange specifically puts the storage of silver. The first delivery day is the first business day of the delivery month; the last delivery day is the last business day of the silver month. Exchange of Futures for Physicals EFP. The buyer or seller may exchange a silver futures position for a physical position of equal quantity by submitting a notice to the Exchange. EFPs may be used to either initiate or liquidate a futures position. To see other metal futures visit gold futurescopper futures and platinum and palladium futures. The History of Silver and Silver Futures As early as B. Silver Options on Futures Contracts Explained A silver call option gives the purchaser the right but not the obligation to purchase the underlying futures contract silver a specific time period and a specific price strike price. What is the delta factor? Please click here to see the most recent contract specifications and click puts for the most recent trading hours. One COMEX Division silver futures contract Trading Hours Silver Futures and Options: Trading Months Silver Silver Price Quotation Silver Futures and Options: Maximum Price Fluctuation Silver Futures: Maximum Daily Price Fluctuation Silver Futures: Last Trading Day Silver Futures: Delivery Silver delivered against the silver futures contract must bear a serial number and identifying stamp of a refiner's officially listed brand. Delivery Period The first delivery day is the first business day of the delivery month; the last delivery day is the last business day of the delivery month. Exchange of Futures for Physicals EFP The buyer or seller may exchange a silver futures position for a physical position of equal quantity by submitting a notice to the Exchange. The information presented in this commodity futures and options site is not investment advice and is for informational purposes only. No guarantees are being made to its accuracy or completeness. This information can be considered a solicitation to enter into a derivatives trade. Investing in futures and options carries substantial risk of loss and is not suitable for some people. Past or simulated performance is not indicative to future results.
Once you have an amount budgeted for food, write down in advance the exact meals you will eat and what you need to purchase at the grocery store to make them.
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Once you have an amount budgeted for food, write down in advance the exact meals you will eat and what you need to purchase at the grocery store to make them.
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