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« Happy Christmas to All of our Readers | Main | Silver Standard Resources Limited Taking Us to the Wire »
Wednesday
Dec162009

Silver Standard Resources Incorporated Options Trade Closed

Having purchased the December 2009 series Call Options on Silver Standard Resources Incorporated (SSRI) with a strike price of $25.00 (IZULE) the time premium eventually beat us so we sold out today for pennies as these contracts expire this week.

We did have opportunities here to make a buck but held on in the hope of bigger profits and paid the price as gold and silver pulled back.

Options trading is a risky business so it pays never to hit one particular trade too hard.

We have high hopes for silver prices next year, especially in the first quarter so we will need to be on our toes in order to generate a profit from the trading opportunities that present themselves.

Well its back to the drawing board for us but if you do have a comment then please add it to this article, all opinions are welcome.


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Reader Comments (2)

Happy Holidays to the team in the Land of Hobbits and may we all bless the Gold Bears who are ignorant as all get out...!
Snakeman

December 17, 2009 | Unregistered Commentersnakeman

Yes, Happy Holidays to all of us here! You win some and you lose some, that's the way in Life. And it also applies to the stock market in general and our volatile sector in particular! Buy on the dips and don't get too greedy and all will be well. The universe will unfold as it should regardless. Good luck everyone!

December 17, 2009 | Unregistered Commenterdaveydog

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