Market Curiosity: Exploring Markets And Systems

August 18, 2011

Bought SLW Dec 40 calls for 3.55 (update 2, August 23) +17%

Filed under: +06 to +25%, Long Calls — Tags: — Jeff Fitzmyers @ 7:56 am

Simple backtest of the near term EMA and down trend line.

August 23: going to play it safe and close position if price breaks yesterdays low “decisively” 🙂

August 23: Flat at +17%. I’m thinking there is a potential for some more weakness. If not I can buy above todays high.

3 Comments »

  1. Man I seriously considered buying a bunch of 40 calls when it got beat down to 33 recently. Too bad I didn’t!

    Comment by silverflaunt — August 18, 2011 @ 9:12 pm

  2. Wouldn’t a crystal ball be fun for a few months 🙂 I was thinking of adding to the position near the end of trade yesterday. Oh Well 🙂

    Comment by Jeff — August 19, 2011 @ 6:40 am

  3. Indeed, investing… No… Speculating would be so much easier with a crystal ball. SLW looks like it wants to make another stab at 40. Those calls of yours could be in the money very soon!

    Comment by silverflaunt — August 19, 2011 @ 9:47 am


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