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  1. Z

    Strange Silver action

    Dont consider myself as just part of "the gold crowd", as I have real-estate, long holdings of stocks, cash position and now building a small metals position just to diversify more. Diversification is what I GET, but if someone does not agree with it, does not make them an idiot. We each have...
  2. Z

    Strange Silver action

    Did not know that. Went to a dealers site and yes, they said the 1000oz bars are the trading standard....and had many in stock. :eek:
  3. Z

    Strange Silver action

    Silver market selling off, yet my bullion dealer is all out of ALL silver, that includes the 10oz bars and the 100oz bars. The physical reality is not in line with the futures market, not in line at all.
  4. Z

    Rare Earth Elements

    I agree, for the near/medium term the auto sector does not look to good. However, there is a lot of talk of fuel cells being used in hybrids, and palladium will play a big roll in that. That, and the many other uses of this metal. Feel good about holding the actual metal for the long term...
  5. Z

    Rare Earth Elements

    I agree. Just bought a hand full of Palladium maples last night, and will continue to do so in the coming months.
  6. Z

    Are naked puts really this safe????

    Ok, thanks for breaking that down for me. Understood. This is educational, not fun though, as it cut through support at 38 and kissed 35. For a split second there something in me said "sell another one, quick!" But I know that is just fear talking and was able to ignore it....just. I will...
  7. Z

    Are naked puts really this safe????

    Thanks for your thoughts. I have no intention of using leverage, and will take the stock if assigned to me and will look to learn more about options before I trade again. Right now its not looking so good, but will leave it to play out.
  8. Z

    Are naked puts really this safe????

    The stock was TCK.B.TO TCK.B SEP08 40 P Sold the put at 11:53, not sure what the stock was at, 39 something. No leverage, just short one put. Got filled at 1.68. I think 38 is some good support for it, so I guess I am hoping for a bounce and for the put to expire worthless. But I do...
  9. Z

    Are naked puts really this safe????

    Did a silly thing last night, sold a put, when I really do not know what I am doing. So now I am not sure what to do. It was in the money when I sold it, as that was the only decent premium. But no money showed up in my account, instead I am showing a loss on the position. Confused, as I...
  10. Z

    Rare Earth Elements

    How to you invest in palladium? Hold bullion, mining companies or futures? I have just started to acquire Maple Leafs, and looking into some junior miners.
  11. Z

    Rare Earth Elements

    No, it doesn't. But when rare materials are being used more and more and society becomes dependent on these items, it makes sense that the price would increase. I need to do more research on this, but so far I feel quite bullish for the longer term.
  12. Z

    Rare Earth Elements

    I am new to the metals market as I only started to acquire bullion two months ago. I have been dollar cost averaging into silver, palladium and platinum, one ounce maple coins. But in doing more research on these metals I discovered rare earth elements and began to get bullish on them as...
  13. Z

    First time writing covered calls

    Well, the stock is down quite a bit from my break even point, and the major trend is down, so I dont see myself missing any huge pop in the stock in the near future. If I WAS going to sell calls on it, I would wait for it to move up, then, when the upward moment is fading, sell the call. I...
  14. Z

    First time writing covered calls

    The minimum commission is $150. Steep, I know. But his long term picks have made me money. I think I will use my little IB account to start to dabble in options. I would love to own some APPL so maybe I will try to sell puts to try to acquire some. I am chewing through a book at the...
  15. Z

    First time writing covered calls

    Thanks for that. Some good advice. I should listen to him then and learn more about options before I go running off with $$$ in my eyes. And thanks for the info on the collar trade. I have "OPTIONS AS A STRATEGIC INVESTMENT" by Mcmillan, so, I guess I will go get stuck into it. Find out...
  16. Z

    First time writing covered calls

    Could you give me an example of how I would use options to hedge my stock against down moves? Would it just entail selling puts? Thanks
  17. Z

    First time writing covered calls

    Thanks for the thoughts. The reason I need a full service broker is, well, been with him a long time, back when all I ventured to invest in was mutual funds. He has made me money, even though his minimum comish is 150 bucks. The only time I did not make money (as much as I should have) is...
  18. Z

    newbie with some newbie questions

    Can't help you with that, but just want to suggest that you give thinkorswim a look. I was using the demo account and found it very easy to find my way around, and the customer support is really outstanding. Well worth a look.
  19. Z

    First time writing covered calls

    Just got a very informative email from the nice folks at TOS, and found out that this can not be done. I can not write calls with one broker, and have the stock at another. It would be the same as writing naked. So, I guess I will just try to learn as much as I can about covered calls so that...
  20. Z

    First time writing covered calls

    I have a small stock portfolio with a full service broker. I approached him about writing some covered calls to generate income, he advised against it. But I am still interested to do it, maybe with my IB account? Is this possible? Can I write calls on stock held with another firm? Any...
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