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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (8944)7/9/2004 10:04:43 AM
From: mishedlo  Respond to of 116555
 
Silver
Sold an Aug 6.50 against a Dec 6.25 for 18 cents
That puts me in an ITM spread with a guaranteed profit(even if that Dec 6.25 heads to zero) and a ton of time on the long side to boot. Earlier I did a Sept Write against the DEC (covered at the last low picking up 20 cents).

19 days left to expire on the Aug.
If silver dips I will buy the 6.50 back
Anything but a huge move here will suit me just fine.
Prefer a net small move up over the next couple weeks.

Calendar Bull spreads are a pretty good way to play silver.

M



To: russwinter who wrote (8944)7/9/2004 4:22:50 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 116555
 
favor, anyone know which home builder issued warning?

heard vague report of slowdown among home builders

I would appreciate any details

thanks, jim