Silver Wheaton Corporation Call Options Up 212%
Tuesday, November 2, 2010 at 12:19PM
Silver Prices in Silver Mining Companies
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.

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