Thanks for the explanation nambo1..How could you trust someone...

Thanks for the explanation nambo1..

How could you trust someone that doesnt even know the stock code let alone how to pronounce the name of the company..

Im not to experienced in options..

so in simple terms they have 770 000 ounces with a put option @ $27 ..

So say silver is $40 .. they still get to sell it @ $40 .. they just lose their $1.5 mill it cost them for the put option as they dont need to exercise it??

Am i on the right track? If not Could you please explain it in a simple way?

Cheers..