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Silver Wheaton Corp. Message Board

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  • reticiiz reticiiz Oct 22, 2008 10:08 PM Flag

    Selling Put Options

    Selling puts right now is risky especially short term. I did it before and make cash but don't have the balls to do it short term right now. This thing is going to last for a while yet a question is will PMs continue dropping or will they explode upwards? That answer I don't have and I will wait it out short term. I'm thinking of buying 2011 GG calls if it drops closer to $10 - it's dirt cheap now but with this blood bath it wouldn't surprise me if we seen GG at $10 unless something changes in PM market real soon and PMs explode upwards. Who knows where slw will be if things don't improve, I'm waiting for warrants to drop to 10 cents or so and I will transfer all from my retirement account into margin with very little taxes to be paid and hope they rise next year. ;)

    But short term it's too risky to sell puts.

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