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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (29279)	2/28/2012 5:48:05 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 223496

Thanks, I hope it works out... I wrote March 67.50 calls while the market was trading at 66.80... actually, I had already been long a large amount of AGQ from 48.80 and had written March 50 Calls when those Calls also had incredibly fat and juicy premiums in them back on January 17th, but right now there's nothing left in them... the way I figure, the silver market is not going to crash, although I'm now thinking of buying back the March 67.50 calls and writing something more deferred, maybe January 2013 of even January 2014 for those incredibly fat premiums and then just just let it ride, I would think that would be an almost guaranteed gain since the fat deferred premiums would most likely more than offset any near term decline in the silver market... for example, with just 2000 shares you could write 20 January 2013 67.50 Calls for the bid at 17.00 and take in $34,000 and just sit on it for the next 10 month, that $34,000 is pretty much easy income for doing absolutely nothing and you would have 17 points downside cushion in case AGQ goes down to 50 which is not likely the case, otherwise silver would have to correct down to 31.50 or 32.00 for that to happen... and even then, you would only break even... your thoughts on that? TIA GZ