This week SK Options Trading is proud to announce its biggest winner yet, as we close a trade with over a 212% profit in under 3 weeks! This beat out our previous record of 197.14% in August 2011.
We believed that Hecla Mining had yet to catch up to the price falls in precious metals in early February, and that it would be particularly vulnerable to a drop in silver prices based on rigorous analysis of their mining projects.
To take advantage of the impending fall, we signalled to our subscribers to “buy HL Sep 21 '13 $4 puts at $0.16 with 5% of our capital allocated”; a trade that we believed offered the best risk-reward dynamics.
As the chart above shows, SK Options Trading bought puts at just before a major fall of over 20% occurred in the price of Hecla shares. This was in line with