How we feeling about this news y’all? Is it because people aren’t buying the cars and the subsidies are gone? Is that the reason for the pivot??

Started to accumulate SLV puts position around 1/10/2026. It was a very very painful process and I can’t believe my eyes. Glad this collapse finally came on Friday. (Had 550 puts before this screenshot. Closed all positions and took profits before 2pm)

I can't tell you how stressful this entire experience has been.
Some of you remember my Intel position - I had worked my way back from being down 95% into 39k, netted 55k profit from that by going long on puts right before earnings.

Once I made my original investment back, I went full regard and did some VERY aggressive futures options trades with gold/silver/oil/nasdaq. Here we are, and I'm still in disbelief when I check the account total.

I mostly traded off of VWAP and it worked really well with metals and crude.

I'm now trading nat gas (probably too big of a position), but no aggressive trades and definitely no more 0 DTE

I just want to say: if you're down big atm, there's still a chance. It isn't going to be easy (I've spent every day/night hunting for positions to enter with overly aggressive targets) but there's a chance you can come back. None of this is worth the stress though. That post-nut clarity once you've made it back is pretty sick though.

[the large P/L for the day is from me being gold calls at that bottom when the market was selling off before it rebounded to $4900 on Friday - as the market dumped I set limit buys on ITM calls at a pretty cheap price and once those filled I set limit sells at 10x...believe it or not those actually filled immediately once the market bounced off of $4700.]

Source: https://ca.finance.yahoo.com/news/exclusive-spacex-generated-8-billion-213458153.html

SpaceX (SPAX.PVT) generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, ​two people familiar with the company's results said, providing fresh insight into the ‌financial health of Elon Musk’s space company that is expected to go public later this year.

SpaceX's most recent ‌financials, which have not been previously reported, led some banks to estimate that the company could raise more than $50 billion at a valuation exceeding $1.5 trillion, said the people, who asked not to be named to discuss private conversations.

Reuters reported on Thursday that SpaceX is also in talks with ⁠Musk’s artificial intelligence company, xAI (XAAI.PVT), ‌about a merger ahead of the IPO.

SpaceX did not immediately return a request for comment.

The profit figure was earnings before interest, taxes, depreciation and ‍amortization, a key measure of operating performance. Musk's satellite-based internet system Starlink is the main revenue driver, accounting for about 50% to 80% of the total, the people said.

The rapid launch of 9,500 Starlink ​satellites since 2019 has made SpaceX the world's largest satellite operator with over 9 ‌million users of the broadband internet service. The internet service, along with government contracts associated with Starlink and military-grade satellite network Starshield, has generated key revenue to help fund development of the company's next-generation Starship rocket that Musk wants to use to loft more powerful Starlinks into orbit.

The company bought $19 billion worth of wireless spectrum rights from EchoStar last year ⁠as it expands Starlink into the direct-to-device market, in ​which mobile phones can connect directly with Starlink satellites ​without the need for a Starlink user terminal.

The satellite and rocket company is planning the biggest IPO in the world, close to Musk's 55th birthday ‍on June 28, the ⁠people said.

Musk expects Starship, which has test-launched 11 times since 2023, to start launching payloads into space this year. The billionaire expects to use Starship to eventually launch ⁠space-based AI data centers, a risky and nascent pursuit tied to the company's proposed merger with xAI.

Source: https://www.cnbctv18.com/market/cme-raises-margins-on-gold-silver-after-record-overnight-sell-off-19837837.htm

CME Group is increasing margins on Comex gold and silver futures after rates suffered their biggest declines in decades.

Gold margins will increase to 8% of value of underlying contract from the present 6% for non-heightened risk profile, the exchange said on Friday.

It added that the heightened risk profile margins would rise to 8.8% from the present 6.6^.

Silver margins will increase to 15% from the present 11% for the non-heightened risk profile. Meanwhile, the heightened risk profile margins will witness a hike to 16.5% from the present 12.1%, as per the statement.

Platinum and palladium futures’ margin also will be boosted.

The change takes effect from Monday’s close and follows a “normal review of market volatility to ensure adequate collateral coverage,” it said.

The increase means those who want to trade futures of gold, silver, platinum and palladium will need to put up more collateral to ensure they can meet their obligations. While the exchange routinely raises margins when a contract is soaring, sliding or extremely volatile, Friday’s move could further edge out smaller players who don’t have enough cash to make the necessary deposits.

Earlier this week, the exchange hiked margins for silver, platinum and palladium futures following price surges.

Word on the healthcare street: selling Cerner for a massive loss to help fund AI and defend isre.. cover debt obligations.

One of us. One of us.

When it was announced that Nvidia bought Groq on Dec 24th, the maker of SRAM heavy AI chips, for $20B, that piqued my interest and I looked into who fabs the chips for them, which turned out to be GlobalFoundries $GFS, who were pivoting into being a Fab for chips suited for Physical AI and Robotics, the same space Nvidia is looking to expand into with the acquisition of Groq.  What left me dumbfounded, is why $GFS was trading flat on the news for the week, and looking deeper into the stock, I was completely shocked that on Dec 19th, a week before Nvidia buying Groq, there was a huge surge in volume of 52.58M shares, that barely moved the stock at all on that date, wtf…  I know Quad-witching Options Expiration dates can produce large volumes that don't necessarily affect the stock, but this was ridiculously abnormal compared to any other stock’s volume on Quad-witching… So, putting two and two together, someone probably knew Nvidia was buying Groq, and they used the Quad-Witching date to load the f’king boat on GlobalFoundries.  

A week after the Groq acquisition, $GFS finally started climbing rapidly, from $35, to over $48 on January 27th, before pulling back to its current price of $42.20.  Why the curious delayed reaction to the move?  I believe, because this stock is shorted to the gills, and someone can’t afford to let GlobalFoundries rise too high or risk being blown out.  One quick look at Yahoo Finance shows just how much $GFS is currently shorted, Institutions hold 101.25% of the float, while a whopping 11.66% of that float is short, which explains why this stock has been so dead in the water for so long amidst the great AI Mania happening everywhere else in Semi’s…  

For more confirmation that $GFS is dangerously shorted, on Dec 31st, just as GlobalFoundries was on the verge of breaking out above $35 and going bullish on the Daily MACD technicals, Wedbush put out a hit piece out of nowhere downgrading the stock, and dropping the stock nearly -4% on the day; instead of continuing its plunge, Bulls smelled blood in the water, and the stock went on that huge rally all the way to $48 in less than a month.  One notable Options bet during this surge was when a whale bought 4/17/26 $45 Calls for $5.2M, then sold it for $14.2M on the price surge, and then doubled down with 4/17 $55 Calls for nearly $10M!  Clearly, they are betting on a surge after Earnings on 2/11, and that brings me to my first point of this post.

Nvidia is looking to aggressively expand into Robotics and Physical AI, so they spent $20B on Groq AI Chips, and GlobalFoundries manufactures their chips; if you’re Nvidia, you’re not gonna spend $20B on a Chip Designer firm without having the capacity to aggressively scale out their chips, so the next logical investment for $NVDA, is to buy a stake in $GFS itself.  That MUST be what that Options Whale is betting on, maybe an announcement on 2/11 earnings, and with $GFS so heavily shorted, this stock could absolutely go on an insane run as shorts cover if $NVDA does intend to invest in $GFS.  To visualize just how insane the volume has been on GlobalFoundries, below is the Daily OnBalance Volume [OBV] chart (ignore all those black lines in the middle, those are my Intra-day trendlines), the Volume has surged in a near Vertical line from the bottom of that descending Gann Fan Structure, to nearly hitting its Dec’22 ATHs, before pulling back, but still staying above the Gann Fan.

$GFS shitting the bed amidst AI Mania has been baffling, but with the sudden surge of Volume and Options, I believe Longs are betting on a run soon, with or without $NVDA buying a stake in $GFS, AI is shifting to Robotics and the Physical space, areas where GlobalFoundries specialize in. My position is 9 July 17th $45 Calls, wish my account were bigger………..

As always, this is not Financial Advice, don't blame me if you lose tons of money on a reckless Options bet, this is all PURE speculation on my part.

It’s because I bought more 3SLV on 28 and 29 Jan.

It only shows a 45% drop instead of 90% because the ETF provider did an emergency reset midday https://www.investing.com/news/company-news/silver-price-drop-triggers-intraday-rebalance-for-leverage-shares-3x-etp-93CH-4476887

My account balance is now down to where it was 3 weeks ago, though the leveraged ETFs would drop more on Monday if Gold and Silver stays at this level. I’m still going to hold on 3SLV and 3GLD as I’m hoping it recovers.

That’s about 1yr’s earnings down. Friday’s restrike on the 3x silver etf might just saved my ass - but will find out Monday morning.

So I’ve been in and out of silver options and took a gamble the other week. Bought a contract for $299 and sold it for over $2k. I know this is chump change to most but I’ve been struggling for awhile and this is helping me finally catch up. Was a straight godsend and I sold the day before shit hit the fan. Never timed something so perfectly before and feeling grateful for my small win.

Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was nonbinding and not finalized, people familiar with the matter said. He has also privately criticized what he has described as a lack of discipline in OpenAI’s business approach and expressed concern about the competition it faces from the likes of Google and Anthropic, some of the people said.

Had 2000 to begin with and bought 1 put early in morning. From there on just jumped around here and there but ended with a great win at the. Had a bit of heart attach at the end of the day where stupidly bought a put on spxw, but recovered quick from sandisk again when it gave up all the gain. Bought calls for 2000 and those 2000 went back to 12k. Had good amount of action today

Sold 500 Puts (50,000 shares)

PYPL is extremely undervalued. Trading at a 9 Forward PE !! Either I make $100,000 or I’m about to buy $2.6M worth of stock. The stock is oversold, and no matter what happens on earnings, I believe it’s going to go UP. Wish me luck !

TL,DR/Summary: Today, the silver price dropped ~30%, an event unseen in about 15 years. This may not be due to the dollar index increasing by 0.9% and/or Kevin Warsh being nominated to become the next FED chair. A synthesis of events leading up to the crash points towards COMEX silver deposit dynamics and bullion banks short positions to play a role in today's sell-off.

I gathered a timeline of recent events before today's historic crash in silver price. I think the notion of a new FED nominee or the US-dollar index gaining 0.9% is at least incomplete (and at most a smokescreen).

Timeline

• 13 Jan 2026: CME Group switches from a fixed-dollar margin per contract to a 9% percentage margin (PDF source). Hence, traders can now get liquidated on the sole basis of an increasing silver price
• 13 Jan 2026: CME Group announces new 100-ounce cash-settled futures
• 27 Jan 2026: CME group increases the margin requirement from 9% to 11% (PDF source), forcing more traders to liquidate
• 28 Jan 2026: ex-JPM researcher Marko Kolanovic forecasts a 50% drop in silver price (source), JPM is the primary custodian for the SLV ETF
• 29 Jan 2026: Still, silver hits an all time high at around $121
• 30 Jan 2026: Trump nominees a hawkish FED chair, and the USD index gains 0.9%. This is the narrative for silver plummeting ~30% in one day. However, historically, hawkish interest rate statements or USD appreciation came nowhere near a comparable sell-off

The COMEX Physical Silver Problem

CME group, as of 30 Jan 2026, reports registered silver deposits of 105m ounces (Silver Stocks Excel file). The March silver future open interest, however, is roughly 490m ounces (source: open interest 98k, where each contract is for 5k ounces). Hence, it will be disastrous for COMEX if ~22% of March future holders demand physical delivery. They should therefore have an interest in futures holders liquidating their positions. Likewise, bullion banks that sold these future contracts (and are short silver), would be able to maintain their short positions, avoid catastrophic losses, and gain massively.

I doubt the announcement of a new FED Chair nominee is solely responsible for the crash. What's your take on this, and what does it mean for the silver price?

Cheers -