RE:RE:Show me the money!
Thanks for the point of view, doing anything naked can be hazardous to your financial health. Lol
I agree, but hey I could be wrong, most retail investors aren’t doing large calls or puts and are waiting for
1 – Silver to increase
2 - HL profits to increase a lot
3 – A shortage of silver
That’s the bet.
Or as you mentioned do trades by timing the market.
Hecla First Quarter Production 04/08/2024 report is interesting and I want to know how this will reflect the share price once the first financial statement is released. IMO KH production increase is not outstanding (nothing against the people trying to ramp this up) but what needs to be seen is the how yearly 17m oz translates to the 2024 YE financials.
I do understand the safety issues (safety first) but was amazed at how many resources were and still are ongoing to bring KH to production after AXU. A full year will required to reveal the economics. I also want to see how much and what grades were stockpiled in relation to the tpd. I don’t mind the mining but I also want to see what is being done on the remediation front.
Thanks for the thoughts on the calls.
I look at this way in simple terms, more in line with what I know.
Seller offers to sell a house; Buyer agrees to buy a house. Price 1.8m.
Buyer places a down payment as security securing the right not the obligation to buy until close date. Say 40K.
Until closing date the seller is obligated to sell 1.8m, but buyer (with subjects) can walk away until close (and scrub 40K).
In the interim the buyer finds out the land next door is to be used as a mega factory that runs day and night as a testing ground for vehicles with no noise abatement so the buyer walks away from transaction because they do not like ear plugs. Loses 40K.
But in the interim before close the buyer finds out the property is part of a land assembly and has increased in value to 8000K. Seller is obligated to sell at the agreed price of 800K.
Anyway I have no interest in calls or puts, naked or not, it’s a form of gambling that has spawned at least half a dozen movies which are really entertaining or not for the naked trader.