try selling some out of the money puts (gotta love time decay);
today i sold NEM (26's), PAAS (10"s), Slw (19's), abx (14's)and au
(11's). that way i'm not trying to time the market for the lows. if
i own 'em there great, if i don't, i've collected the premium and
smile all the way to the bank. good trading.
Posted by falcon5678 on 29th of Jul 2013 at 03:42 pm
It's a good play. Except implied levels are quite low to sell
premium, but generally not a bad play at technical spots.
I've been doing that on GLD. long august, selling weeklies at
moving averages
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I want to be long
Posted by falcon5678 on 29th of Jul 2013 at 01:01 pm
I want to be long these miners but with GLD bouncing its head off that 50 day it's tough. Through 130 on GLD and it's up up and away though.
how to get long the miners at lower prices
Posted by hazbin1 on 29th of Jul 2013 at 01:39 pm
try selling some out of the money puts (gotta love time decay); today i sold NEM (26's), PAAS (10"s), Slw (19's), abx (14's)and au (11's). that way i'm not trying to time the market for the lows. if i own 'em there great, if i don't, i've collected the premium and smile all the way to the bank. good trading.
It's a good play. Except
Posted by falcon5678 on 29th of Jul 2013 at 03:42 pm
It's a good play. Except implied levels are quite low to sell premium, but generally not a bad play at technical spots. I've been doing that on GLD. long august, selling weeklies at moving averages