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Silver Wheaton Corp. Message Board

clubfoolish 3 posts  |  Last Activity: Jul 9, 2016 10:18 AM Member since: May 7, 2001
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  • Reply to

    HL options

    by printernyt Jul 8, 2016 9:09 PM
    clubfoolish clubfoolish Jul 9, 2016 10:18 AM Flag

    sorry, i had a long reply, addressing each point, but yahoo SUX and will not let me post it, no matter how I try to do it....even chopped up bit by bit. sorry.

    Sentiment: Strong Buy

  • Reply to

    Well punch me in the head!

    by bongermain Jul 5, 2016 5:21 PM
    clubfoolish clubfoolish Jul 9, 2016 10:11 AM Flag

    I think so! at least on Friday...that was an amazing recovery by silver early in the day, after banks whacked it hard pre-market.
    It was even a *more* amazing move by HL to bust thru $6 on a Friday!
    If silver moves up above $20.50 and holds next week, HL could really crank for a change.

    Sentiment: Strong Buy

  • Reply to

    HL options

    by printernyt Jul 8, 2016 9:09 PM
    clubfoolish clubfoolish Jul 9, 2016 9:54 AM Flag

    yes, to experiment - last year, I bought 2 lots of HL options, and 2 months ago, I bought a third lot. All 3 were 20 call options.
    It's the first time I ever bought options, just to see how they worked and just how much leverage they brought to the trade.

    It turns out they bring a ton of leverage, on the down and up side.

    1. bought 20 $4.50 Jan 16 calls at ~20 cents ($400 cost) and they expired worthless (HL never hit 4.50 before Jan 16)

    2. bought 20 $4.50 Jan 17 calls at ~40 cents ($800 cost) and they are now worth a bunch (look it up on the yahoo options page). I'll decide what to do with them in Nov-Dec, as donating them might be a choice I use)

    3. 2 months ago, I bought 20 $5 Jan 18 calls at 90 cents ($1800 cost) and they are roughly doubled now.

    What Kored said seems mostly right, tho I've limited experience with them to this point. I'll know a lot more when I decide how to dispose of them starting late this year...but I know that HL will be priced above $6-8 and these particular options will be worth a small fortune.

    just this week, they added 2 more call option choices to the Jan 18 series, strikes at $5.50 and $10.
    in 2 days, the $10 calls increased from 50 cents to 80 cents. That seems like a, and correct me if I'm wrong, 60% gain in 2 days. yes? That's serious leverage to a stock that rose from ~5.50 to ~$6.05 in those same 2 days.

    BONGER - saw you posted the other day, glad you're still alive and still holding your hoard. I sold ~half of mine on the way down from $11, kept roughly 26,000 shares, avg of under $2.50 still.

    If anyone has concise knowledge of how IRS rules work relative to exercising, selling at a profit, selling at a loss, letting expire worthless, or donating appreciated options...please chime in here. It'd be a big help to me and be appreciated.

    Sentiment: Strong Buy

SLW
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