February 12th, 2012
Published Daily

SLW – Silver Wheaton (Last:9.41)

by Rick Ackerman on May 26, 2009 4:32 am GMT

We hold four September 10 calls with a cost basis of 0.69. Wheaton is in a minor downtrend that could hit 8.96, but the larger trends all point higher. Continue to offer four June 10 calls short against our position for 0.70. _______ UPDATE (3:44 p.m.)This one’s getting very close to a fill, so be sure to have your offer in when stocks open Friday (May 29) morning. If the order doesn’t fill in the first three minutes, lower the offer to 0.60.



Comments on this entry are closed.