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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack12/2/2008 1:51:16 PM
2 Recommendations  Read Replies (1) of 50053
 
Call Options in SLW EXPLODE...

From Rebecca Darst the options maven who talks faster
than the FedEx guy...

secure2.thestreet.com
cm_ven=YAHOO&cm_cat=PREMIUM&cm_ite=003190&flowid=11b5c0be511&
url=http%3A%2F%2Fwww.thestreet.com%2Fp%2F_yahoo%2Frmoney%2F
options%2F10450884.html

Calls in Silver Stocks Reflect Optimism.



By Rebbecca Darst

Bullish moves for silver stocks in Tuesday's modest recovery
bounce sparked directional demand in contracts of Canadian
ticker Silver Wheaton.

Options in the Vancouver-based company, which derives 100% of
its earnings from the production of silver, are trading at 9
times the normal level as shares advance 3% to $3.05, owing to
a large opening position in March $5 calls, which traded for
about 70 cents apiece.

Silver Wheaton shares must nearly double in value to break even
on this transaction, having traded as high as $19.53 over the
past 52 weeks.

-----------------------------------------------------------

Check out this action...

finance.yahoo.com

27,101 March $5 Calls bought TODAY.

SLW Mar 2009 5.0000 call
(OPR: SLWCA.X)
Last Trade: 0.70
Trade Time: 1:27PM ET
Change: Up 0.10 (16.67%)
Prev Close: 0.60
Open: 0.60
Bid: 0.65
Ask: 0.70
Day's Range: 0.55 - 0.75
Contract Range: 0.49 - 6.80
Volume: 27,101
Open Interest: 8,701
Strike: 5.00
Expire Date: 20-Mar-09

Nice re-load opp in SLW here.

Mo Hi-Ho Silver Wheaton later,

SOTB
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