Bought May 34 calls at 1.80. Okay to buy out of the money calls since if price breaks out, it could make it to 37.
+ Price had a decent tentative breakout on okay volume.
+ EMA’s all trending up.
+ Monthly and weekly CCI’s moving up.
– Daily CCI not very low, but not expected if a true breakout.
– No follow through volume.
+ Float is only 36 million shares.
+ 14% of shares are shorted.
+ The short ratio is over 12. That’s a fair number of days.
Feb 23: Everything seems fine. Especially like the short ratio being 12.6 with a low float.
May 15: I was greedy regarding silver in April. Paying attention to illusions does not produce gains in anything but experience-the-hard-way. Made a mistake of not taking partial profit and then a few weeks later “hoping.” Out at 0.40 (I think).