SLW – Silver Wheaton (Last:27.83)

We hold 800 shares with an adjusted cost basis of 13.07.  There are two Hidden Pivot targets just above — at 28.61, 22 cents beyond yesterday’s high; and at 29.00.  As a hedge, I’ll recommend buying four November 29 puts for around 1.05 if SLW gets within a nickel of the higher pivot. I may update guidance, so check back intraday.