Nice play on GM. Easy pickings with that one, right?! Basically short any sizeable pop they get!!!
I'll love QMNM over .025. ;)
Until then, I'm just happy to have a solidly profitable day for once in the past 2 weeks!! A little over 20% of last two weeks losses recovered today...
Just some research to pass on that might give us hope...
Everyone knows that I play options via the covered call route. I do this mainly to short my holdings when they are overbought.
Anyway, I like to write some at short term (AUG). In this case a covered call goes up and down in price very similar to an actual short given small amount of time til expiration.
I also like to write mid term and long term calls. These are good when you are still bearish on the short to mid term, but cant write short term shorts given how far out of the money your shares are without a fair amount of risk if you are wrong and get optioned. We can all appreciate that lately with AUY.
In these cases, you can get a legitimate amount of money involved and still write out of the money calls.
Looking into volume, open interest and put/call ratios give an idea of the longer term outlook that many of the real players have...and takes much of the bubble TV, sway with the wind blather out of the equation.
For our beloved and beat down AUY, the long term prospects look bullish given this:
WNZ AD is the January 2010 20$ CALL.
WNZ MD is the January 2010 20$ PUT.
Today had a put/call ratio of 1:272. That is huge. Open interest on calls outnumbered puts 33 to 1.
That is pretty high. Other ranges show similar proportions for the same exp date as well as early to mid term options.
so which miner is going to lead the charge the next few days? i'm honestly curious you all think will be the top performers. SWC, SA, HL...are almost at their 52 weeks lows. I have some change to throw around tomorrow...looking for a wild card. AUY and EGO have been my main plays in the past, but i'm thinking others have more to rise right now.
AZK back to 5. AUY should tag 15 w/ ease. EGO low to mid 8's. SWC to 9's.
I personally like AUY best right now and am heavy into it as such.
SA I'm not touching right now (even though I know it's one of Joes babies and has made me some serious coin in the past). I've never traded HL so no idea.
7 comments:
Nice play on GM. Easy pickings with that one, right?! Basically short any sizeable pop they get!!!
I'll love QMNM over .025. ;)
Until then, I'm just happy to have a solidly profitable day for once in the past 2 weeks!! A little over 20% of last two weeks losses recovered today...
Naked shorts available tomorrow on banks :) :) :)
Guys,
Just some research to pass on that might give us hope...
Everyone knows that I play options via the covered call route. I do this mainly to short my holdings when they are overbought.
Anyway, I like to write some at short term (AUG). In this case a covered call goes up and down in price very similar to an actual short given small amount of time til expiration.
I also like to write mid term and long term calls. These are good when you are still bearish on the short to mid term, but cant write short term shorts given how far out of the money your shares are without a fair amount of risk if you are wrong and get optioned. We can all appreciate that lately with AUY.
In these cases, you can get a legitimate amount of money involved and still write out of the money calls.
Looking into volume, open interest and put/call ratios give an idea of the longer term outlook that many of the real players have...and takes much of the bubble TV, sway with the wind blather out of the equation.
For our beloved and beat down AUY, the long term prospects look bullish given this:
WNZ AD is the January 2010 20$ CALL.
WNZ MD is the January 2010 20$ PUT.
Today had a put/call ratio of 1:272. That is huge. Open interest on calls outnumbered puts 33 to 1.
That is pretty high. Other ranges show similar proportions for the same exp date as well as early to mid term options.
Just thought I would share.
John
so which miner is going to lead the charge the next few days? i'm honestly curious you all think will be the top performers. SWC, SA, HL...are almost at their 52 weeks lows. I have some change to throw around tomorrow...looking for a wild card. AUY and EGO have been my main plays in the past, but i'm thinking others have more to rise right now.
AUY will do a moonshot once gold gets back into a solid upward trend IMO.
you think better than the others?
AZK back to 5.
AUY should tag 15 w/ ease.
EGO low to mid 8's.
SWC to 9's.
I personally like AUY best right now and am heavy into it as such.
SA I'm not touching right now (even though I know it's one of Joes babies and has made me some serious coin in the past).
I've never traded HL so no idea.
All of this depends on POG above 900 and rising.
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