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« More on the Case of Silver | Main | Silver Wheaton Corporation (SLW) Up 4.36% Today »

Silver Wheaton Corporation Call Options Up 212%

Just a quick note to let you know that we have decided to take profits today and have sold all of our Call Options on Silver Wheaton Corporation (SLW). The profits were too good for us to refuse so we are taking the cash and going back to the sidelines.

We had four tranches as follows:

December 2010 $26.00 Calls @ $1.55, now at $4.20 for a gain of 170%
December 2010 $30.00 Calls @ $0.58, now at $1.81 for a gain of 212%
January 2011 $26.00 Calls @ $2.00, now at $4.75 for a gain of 137%
January 2011 $27.00 Calls @ $1.64, now at $4.10 for a gain of 150%.

This is a case of the market being kind to us so we opted to accept the above profits graciously. We are of course still big fans of the Silver Wheaton business model and no doubt we will be back some time in the future. However, we also need some cash to execute trades as recommended by our premium options trading service, as a plan of attack has been formulated and trades are being executed as we speak. If this type of trading appeals to you then why not drop by and take a look at our track record and if you like what you see, then please join us as gold and silver are both full of promise at moment.

Please excuse our grammatical errors as we do place more importance on getting articles out in a timely manner and consequently our spelling, at times, is woeful.

Back to our latest venture which was the launch of an Options trading service we are pleased to report that it is going very well so its a big thanks to all those who have signed up for it and the supportive emails that you have sent us.

Our premium options trading service, SK OptionTrader, has opened and closed 12 trades in the last 6 weeks, banking an average profit of 70% on these trades.

This brings our total of closed trades to 38, with 36 winners. This means that a subscriber who had invested $1000 in each of our 38 trades would have banked profits of $15,636.00. We have just posted a set of charts demonstrating the importance of timing in any trade on gold-prices, please click here if you are interested.

SK Chart 23 Oct 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today?

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

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Reader Comments (5)

How do i learn what options are, and the risk involved in the options

November 3, 2010 | Unregistered Commentertrishan malhi

Congratulations on the option trades. Wise move, in my opinion, closing the positions and sitting on the sidelines. I personally did not have the foresight and discipline to do that which is one reason why I have stayed away from option trading. Maybe after the precious metals settle down and I become convinced that there is a solid permanent move starting, then the options should have a place for me with your program. In the meantime I will try to stay tuned in. Thanks again.

November 3, 2010 | Unregistered CommenterJohn Ell

I thought I would give your service a try because I've been receiving you free e-mails for some time, and you seem to be pretty level-headed folks. But, in an ultimate act of stupidity (sorry for being rude, but I am honest to a fault), you only accept Pay-Pal for payment, which, continuing the chain of stupidity, will not permit individuals to set up more than one account using the same e-mail address. For purposes of convenience, my wife and I share an e-mail address. I wish to charge investment-related items to a separate credit card from general purchases; my wife has an existing Pay-Pal account feeding into the separate credit card. I'm not going to set up a separate e-mail account (which I would have to check separately every time I access the e-mail); it's just too much of a damned inconvenience. We're not going to change the credit card number on my wife's account. Can you see the dilemma? If you insist on your marriage to Pay-Pal, I'm afraid there are no further moves: check and mate.
Lloyd Walker

November 3, 2010 | Unregistered CommenterLloyd Walker


You can also pay by cheque, if you contact skoptionstrading they will get it sorted for you.

hope that this helps.

November 3, 2010 | Unregistered CommenterSilver Prices


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November 3, 2010 | Unregistered CommenterSilver Prices

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