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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: goldsheet who wrote (599)2/12/2001 10:58:25 PM
From: Step1  Read Replies (2) of 4051
 
Hello Bob,

i am addressing a general question on silver and covered option strategy to you and the thread at large to see if anyone can volunteer some help.

# 1 question: I dont want to open a futures account but would still like to get my toes wet a bit with a bet on the POS going up. Are there any kinds of options available ? Or should i be thinking of low cost silver producers as _ options with no expiration date _ (although most of these pure silver producers are few and far between...)
I should also mention that i already have a small position in PAAS and a fairly large one in BAY.to

# 2 question : I have a 2000 share position in PDG gotten at essentially break even point (8.25 and 8.50) I could hold, dump or sell calls on it although the premiums on the far otm calls are puny not really making it worthwhile to do , while the nearer otms make me nervous of missing a big move (yeah right , here it is , gold sucks ...) . What other strategy is there to help me carry that position and not keep thinking of it as dead money? (put/call position etc... I would think that since it is backed by the shares in my account, this would make it in fact really low risk. right?)

If you dont want to answer, i understand although if you have any hints as to where i could look to find some discussions and resources on the above, it would be appreciated.

thx

Stephan
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