SSRIF Silver Standard Resources Message Board

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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 117.21

+0.4%

4:00 PM EST

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To: Claude Cormier who wrote (287)	12/16/1998 4:47:00 AM
From: ForYourEyesOnly	Read Replies (1) of 403

Options vs. stocks: I think that futures/options & stocks all have advantages & disadvantages. I don't want to trade options, I just wanted to have a low-cost, highly leveraged position moving into Y2K. Cost per $6.25 call = .13 x 5000 ounces = $650 for 5000 ounce contract, good until Nov. 99 Now look at it's value assuming different silver prices: Less than $6.25: $0 $7.25: $5,000 $8.25: $10,000 $12.25: $30,000 Naturally the odds/risk/reward situation is highly complicated and I don't know enough to actively trade options. I just wanted to get 1-year of "insurance". I don't know of any silver stocks that offer that kind of leverage, although on the other hand most mining cos will not go bankrupt ($0) if silver doesn't go over $6.25! Good luck, THC

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