hello jacob, was conf calling with partners early am discussing strategy n tactics, and coincidentally need to chronicle story, tale, and history, to demo certain guidelines
here they are
gold trades Message 27505728
platinum exchanges Message 27505736
silver wagers Message 27505768
and within above context
re your question, << 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) i have only committed 1/3 of my paas longs
(ii) i may follow up with selling more paas puts, along the way, at 34, 35, or 36
cheers, tj |
