Post by
Markcalgary on Jul 18, 2023 10:28am
Glad they took out ATAC
Had been a shareholder many times with ATAC over the years. Was glad HECLA took them out....at least an actual miner will be in charge, who has some experience in advancing projects....think they stole the asset, and was impressed with the company and what they have accomplished.
In my research, I found that they have call/put options available for HL. I have found that if you are convinced that there is good upside to a stock, options are one way to play the upside. I temper the risk by going long date, and buying options that are at a strike of less than what the stock is currently trading at. The long date gives some time wiggle room if there is a downturn in the market/stock, and the pricing point below market again gives some relief if there is some price volatility.
To that end, started purchasing the Jan 25 $4 calls back in mid May, and then doubled down again just a few days ago when some more cash became available. The ticker shows almost an 30% return on my investment so far.... Its not for the faint of heart, but can provide significant leverage to the returns ( or not!)
GLTA
MC
Comment by
Markcalgary on Jul 18, 2023 10:34am
There is some really agressive activity in the options market for Hecla stock today..... anyone should go and look at what is going on. Each contract traded is for 100 shares of Hecla. Added more myself. GLTA MC