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Richmont Mines Inc. Message Board

  • canine_cunning canine_cunning Jun 10, 2013 5:20 PM Flag

    best strategy: write out of the money ric calls and purchase in the money ric puts


    you can write the ric calls at a 2.50 or 5.00 strike points and do so on a naked basis without a speck of fear that you need to deliver stock.

    reason: ric is so devastated by all technical indicators that it is near impossible for it to bounce higher than 2.30 in the best case scenario.

    finally you can purchase in the money ric puts at 2.50 and make at least 100% gain within the next 30 days as it sinks toward the pink sheets.

    given that golds and silvers never perform well during the summer, then this is a brain dead easy strategy, like shooting fish in a barrel.

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