Long 800 shares with a cost basis of 14.27 against eight January 34 puts held for 0.77, we’ll leave our hedged position unchanged for now, since Silver Wheaton has been working on a bearish impulse leg since last Friday’s stab lower on the hourly chart. The stock remains vulnerable to a fall to as low as 35.05 as it noodles around near the 37.645 midpoint support associated with that target.