who does call options???

[sunsetcliff]

I took the plunge today on 1 contracts.

[chux03]

You subscribe to a newsletter for....guidance or do you chart that path....alone??

I get some stuff from Porter Stansberry and I think one of his newsletters is going into something like this. If the golden rule in investing is to only invest in what you understand, as I'm currently "in energy and precious metals", I'm right where I understand I need to be. :D I have purchased a couple of books on options and futures, the Idiots Guide I think. But any understanding of that is basic so I'll stick to learning the options and futures in's and out's and keep the dough where I understand it.

Finally, I'm thinking there's a LOT of risk and volatility and every other bad word I can think of in the world of options and futures. So instead of investing in something so....risky, I like to play it safe and just kick back and enjoy in participating in something so stable and main stream as the.....SILVER MARKET or as my dad call it, the Devil's pit!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HA! :D

Good luck and let us know how you do. Maybe you should start a class there and explain your....moves. Kind of a how-to for the uninformed, like me. :)

[mick silver]

You subscribe to a newsletter for....guidance or do you chart that path....alone??

I get some stuff from Porter Stansberry and I think one of his newsletters is going into something like this. If the golden rule in investing is to only invest in what you understand, as I'm currently "in energy and precious metals", I'm right where I understand I need to be. :D I have purchased a couple of books on options and futures, the Idiots Guide I think. But any understanding of that is basic so I'll stick to learning the options and futures in's and out's and keep the dough where I understand it.

Finally, I'm thinking there's a LOT of risk and volatility and every other bad word I can think of in the world of options and futures. So instead of investing in something so....risky, I like to play it safe and just kick back and enjoy in participating in something so stable and main stream as the.....SILVER MARKET or as my dad call it, the Devil's pit!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HA! :D

Good luck and let us know how you do. Maybe you should start a class there and explain your....moves. Kind of a how-to for the uninformed, like me. :)
for some time i too have been playing it safe , if i can not hold it i don't own it

[chux03]

Oh ya....playing it safe in the silver market. That DOES sound ludicrous but if one had been buying when it was down here around sub $10, you could say you HAVE been playing it safe!! You watch....the wisdom of that decision will soon be evident.

[sunsetcliff]

if mining is to take off, then calls could be could. I never done this before.

I bought a 7.50 strike for SLW, one for jan, 1 for feb. I have no idea if it will work.

Had numbskull me not jumped in and out of SLW I would have had a whole lot more shares.

So the 2 calls ran maybe $110. is silver goes ballistic, then if one times it right, ride out the bull.

I do get the impression that a mathmetician formulated these calls...

[Daphne64]

If you are interested in silver wheaton calls, take a look at their warrants. the August 2009 series is trading at a very low premium, if I am doing the math right:

Silver wheaton price as of now on the canadian exchange: C$7.96
5 warrants allow one to buy a share at C$4.00. So if I understand this right, the price with zero premium would be .79. The last trade shown was .84

Or am I missing something?

[sunsetcliff]

I dumped SLW today. I may pick it up when it bounces... but maybe not. 09 could be too early for mining stocks.

on calls- etc- I see a loss. not worth even selling. so no more for me.

...what was thay saying I heard as a kid, 'cash and carry.

[mick silver]

you have them option to call them back later if you want too

[sunsetcliff]

for some time i too have been playing it safe , if i can not hold it i don't own it



I am learning that more and more.

BTW- I sold a day early. That sucks. But ya know-I heard that online brokers- can not be trusted in a crises. that everything can be frozen in the courts.

JPM can sell what they dont own- yet I have to wait x days to get my check.