Added AGAIN to SILJ LEAP calls
June 29, 2021
On a further decline, I stepped in and added more LEAP call options on the SILJ Silver Junior Miners eff. I like adding to winning positions when they pull back, I already have a lot of SILJ, so check the link on side bar for total holdings and average buy prices. The LEAPS I chose are the $15 strike price that expire in Jan 2023, so lots of time left on these. I will explain my position sizing methods in future posts, but I am always aware of my total risk (TR). Here is the chart, not much change from yesterday, but you will notice SILJ opened and went lower, before turning nd rallying to slightly positive on the day, now backing off a bit again. With the stochastics getting oversold on the weekly, I am expecting a turn higher soon, who knows, maybe today will mark the turn if the miners can build on this strength and close higher today?
Also, I note Uraniums stocks are weak again today. I’ve mentioned I’m on the hunt for a few uranium miners into a pullback, they still have a little more to drop into my buy zone, but there are getting closer. I will put the URNM (Uranium stock etf) chart in its own post next.