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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