Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Rise in Silver Miner Options

Rise in Silver Miner Options

posted on Dec 02, 2008 01:52PM

A few silver stocks, this one Silver Wheaton (SLW) in particular, have experienced a recent rise in options. Since these transactions are generally positioned by more experienced traders, it could be an indicator that an upward move in silver is approaching. Regardless, it is nice to see increased investor interest in the silver miners.

Regards - VHF



-

Calls in Silver Stocks Reflect Optimism

By Rebecca Darst
The Street

December 2, 2008

Bullish moves for silver stocks in Tuesday's modest recovery bounce sparked directional demand in contracts of Canadian ticker Silver Wheaton. Options in the Vancouver-based company, which derives 100% of its earnings from the production of silver, are trading at 9 times the normal level as shares advance 3% to $3.05, owing to a large opening position in March $5 calls, which traded for about 70 cents apiece. Silver Wheaton shares must nearly double in value to break even on this transaction, having traded as high as $19.53 over the past 52 weeks.

Share
New Message
Please login to post a reply