Sunday, October 16, 2016

Market Watch: EXK

When Endeavour Silver Corp (EXK) got upgraded you just knew that it was time to sell, I did almost the the same thing. I sold six of the October $2.50 call at $2.60. Was it a good move, Only time will tell ? The difference between selling a stock and the option is time and volatility. Tacking a look at the 52 week chart of EXK you can see that the stock is at support at the $4 level and that the support is rock solid. The only question is, does it rocket from a bounce or consolidate sideways for months. I don't know, if I had insider information like Warren Buffet, then I could make the kind of money he does and mt facebook friends could follow along. Options expiration is next friday, I will see what happens and let you know..

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