We hold 800 shares with a cost basis of 14.27, yielding a theoretical gain of about $21,264 with the stock trading around 40.85.   Because SLW is closing rapidly on the 42.37 target given here a while back, let’s try to put on a hedge when it gets there by buying eight January 34 puts.  I’ve included a table with “fair” option values to help guide you, since you should try to buy a few puts when 41.65 is reached. (That’s an alternative target where SLW could conceivably top.)  If the stock ultimately hits 42.37, a price of 0.44 (per the tabular data) would be doing pretty good for the Jan 34 puts.  _______ UPDATE (12:24 p.m. ET):  The 42.37 target came within three cents of nailing the high of a wicked, opening-bar gap, but the put options were criminally mispriced at the time.  The stock has since collapsed $2.80 from this morning’s 42.34 high, so partial profit-taking is in order on any hedge initiated at the top.  Please let me know in the chat room whether, and how, you used the target.