April 23rd, 2014
Published Daily

SLW – Silver Wheaton (Last:10.88)

by Rick Ackerman on September 3, 2009 12:01 am GMT

Silver Wheaton is screaming higher in after-hours trading, so we may get a chance to short eight December 15 calls for 0.45 against the eight Dec 12.50 calls that we own for, effectively, 0.15 apiece.  Our original cost basis was 0.45, but we were able to reduce that by 0.30 by selling half of the original 16-call position near the top of yesterday’s steep rally.  The trade was featured as a Pick of the Day, so I am hopeful that many of you were able to take advantage of what looked, from the get-go, like an easy opportunity. From a Hidden Pivot perspective, the highest blowoff target I can identify for today lies at 11.14, a Hidden Pivot that comes from the lesser charts.

Take the Hidden Pivot course at your leisure, in recorded one-hour segments. The real-time Wednesday Tutorial sessions, the HP Tutorial video library and a confirmed seat at the next live Hidden Pivot webinar on May 21-22, 2014 come as part of the package.



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