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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%4:00 PM EST
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To: TobagoJack who wrote (76528)7/19/2011 10:02:10 PM
From: Jacob Snyder  Read Replies (1) of 217675
 
re:
<silver shall be sought as a shelter...therefore
- SELL wallops of PAAS Calls, 38, Oct 2011 at 1.40
- SELL wallops of PAAS Puts, 33, Oct 2011 at 2.70>
PAAS at $33 today.

Selling options, rather than buying, makes sense, so time decay is on your side. Selling at-the-money PAAS puts makes sense, if you expect a flight-to-PMs. But why are you selling the calls? PAAS has been as high as $43 recently.

I'm asking you, because you seem to do this successfully.

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