CRInvestor
Long

SSRI- Using seasonal weakness to buy cheap 'paid for' position

BATS:SSRI   SILVER STD RES INC
232 1 0
Along the same lines as Thompson Creek Metals             , I am using seasonal weakness and WDB Options Model to 'get paid' to take a position in this fundamentally cheap name. Currently long (through $20 Put option write and exercise) with an average cost of $10.21 per share. Trading below book value and with over $5.00/share in cash, this is one name in the metals space I would be more than happy to sit on for some time to come...
While the option trade itself is still underwater, I do see a nice consolidation coming in right on seasonal time. A rally back into our purchase price zone may represent a good opportunity to exit this position at break even....
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