AG: Short-Term Slap, Long-Term Conviction
Let’s talk positions — not just charts.
I’ve been holding Dec 18, 2026 $10 calls as my core AG thesis for a while now. These are not trades — they’re my conviction play on a long-overdue re-rating of First Majestic (
AG) relative to spot silver and the broader miner complex. I currently hold 90 contracts averaging $1.21.
On Friday, I added to that core, because the setup continues to confirm.
Now here’s where it gets fun:
Despite being fully sized on the long side, the chart slapped me in the face twice...once last week, and again yesterday. That bull flag? Still intact. Friday’s flush? Weak hands out. Volume? Telling the real story.
So I took a tactical swing:
Short-Term Trade: Sept 19 $9 Calls
✅ Started with 10 contracts @ $.61
✅ Added 10 @ $0.33 on Friday
✅ Added 10 more @ $0.38 on Monday
Average: $0.44 (trading at parity now)
This isn’t about guessing. This is about alignment:
✅ Silver strength
✅ Lagging miner catch-up
✅ Weekly & monthly volume expansion
✅ Time symmetry between past squeezes
Long-term thesis is the foundation.
Short-term trades like this are the bonus rounds when the setup screams.
If AG holds above $7.99 and clears $8.35 cleanly, the next key level is $9.35.
Above that? We’re talking $11.00+.
Position Breakdown
Core: 90 Dec 2026 $10 Calls (scaled in with average around $1.21)
Trading Position: 30 Sept $9 Calls, avg $0.44
Will consider adding/rolling longer if $9.35 breaks with volume
Let’s talk positions — not just charts.
I’ve been holding Dec 18, 2026 $10 calls as my core AG thesis for a while now. These are not trades — they’re my conviction play on a long-overdue re-rating of First Majestic (
AG) relative to spot silver and the broader miner complex. I currently hold 90 contracts averaging $1.21.On Friday, I added to that core, because the setup continues to confirm.
Now here’s where it gets fun:
Despite being fully sized on the long side, the chart slapped me in the face twice...once last week, and again yesterday. That bull flag? Still intact. Friday’s flush? Weak hands out. Volume? Telling the real story.
So I took a tactical swing:
Short-Term Trade: Sept 19 $9 Calls
✅ Started with 10 contracts @ $.61
✅ Added 10 @ $0.33 on Friday
✅ Added 10 more @ $0.38 on Monday
Average: $0.44 (trading at parity now)
This isn’t about guessing. This is about alignment:
✅ Silver strength
✅ Lagging miner catch-up
✅ Weekly & monthly volume expansion
✅ Time symmetry between past squeezes
Long-term thesis is the foundation.
Short-term trades like this are the bonus rounds when the setup screams.
If AG holds above $7.99 and clears $8.35 cleanly, the next key level is $9.35.
Above that? We’re talking $11.00+.
Position Breakdown
Core: 90 Dec 2026 $10 Calls (scaled in with average around $1.21)
Trading Position: 30 Sept $9 Calls, avg $0.44
Will consider adding/rolling longer if $9.35 breaks with volume
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.