Tag Archives: SLW

S&P hit 820! Backed up the truck and loaded on more SLW and ABB

By Paul | Published: November 13, 2008
BOUGHT +2 SLW 100 NOV 08 2.5 CALL @.55 BOUGHT +3 ABB 100 NOV 08 10 CALL @.90 Another busy day today.  I usually write up my entry/exit posts immediately for my trades, but I needed to keep my eyes on the market due to the fact that I went all in today. I’m really [...]
Posted in Stocks | Also tagged ABB, entry, options | 1 Comment

Covered SLW, FRO, and WFC short puts

By Paul | Published: November 10, 2008
The market broke my intraday support line today (pink line, first graph).  What appeared to be a good Monday turned out to be very disappointing.  I cleared the last of my short puts (i.e. long) about 5 seconds before the close when the market gained some footing.  These plays are purely for risk management purposes, [...]
Posted in Risk Management, Stocks | Also tagged exit, FRO, market analysis, options, WFC | Leave a comment

SOLD -3 SLW 100 DEC 08 5 PUT @1.55

By Paul | Published: November 7, 2008
Short puts on Dec SLW stroke 5 for $1.55. Upside: The move from $4 to $3.78 was low volume and $3.78 is a support level from yesterday.  S&P also dropped from 940 to 920 and stayed there for a bit on low volume. Resistance: $4 Downside: Silver price down slightly.  Market in short term down [...]
Posted in Stocks | Also tagged entry, options | 1 Comment

BOUGHT +5 SLW 100 DEC 08 7.5 PUT @3.40

By Paul | Published: November 5, 2008
Covered my short puts SLW @ $4.00 for $3.40 today.  Fee $7.50. This is to reduce my risk on the current weak precious metal market.  Silver is failing to break above $10.6 so far.  Gold is down $14 or so to below $750, an important support level. The weakness seen today after the election is [...]
Posted in Stocks | Also tagged exit, options | Leave a comment

Hail! The rise of Republic of America!

By Paul | Published: October 30, 2008
While I haven’t written about my stance on the flood of bailouts, I have been against it all along.  Pouring tax payers’ money into a select few elites in the name of helping the economy has sank my respect for the American government to a new low.  This is just like the Bush’s Weapons of [...]
Posted in Trading How-tos | Also tagged gold, market analysis | Leave a comment

SOLD -5 SLW 100 DEC08 7.5 PUT @4.00 LMT

By Paul | Published: October 30, 2008
Wrote some puts on Dec08 of SLW at 7.5 strike price.  Fee $7.5. Upside: Volume on the rally from the low has been consistently high.  Price of silver looks as though it has seen the low for now.  Note the volume graph on 15-min YI price, the retest of last Friday’s high occurred at lower [...]
Posted in Stocks | Also tagged entry, options | Leave a comment