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Zach Scheidt

Helping families build wealth so they can focus on what really matters

INCOME MODEL TRADE ALERT — SSRM

January 4, 2022 at 3:05 pm by Zach Scheidt

Selling SSRM puts for income.

SSR Mining Inc. (SSRM) is a precious metal producer with mines in North and South America.

After treading water for the last two years, precious metals like gold and silver may be ready to break out. Both gold and silver have traditionally been good hedges against inflation so as inflation levels rise, more investors are likely to move capital into gold and silver pushing prices higher.

Higher prices will naturally lead to better profits for SSRM. The stock broke higher in November before pulling back last month. SSRM found support above $16 and now appears ready to start trading higher.

By selling the February $17 puts near $0.75, we’re able to collect an annualized yield near 36%, while also giving us roughly $0.50 per share in cushion between the current market price for SSRM and our strike price.

  • Sell (to open) 4 SSRM February 18th $17 puts
  • Limit: $0.75 or more
  • The new position will represent roughly 6.8% of our model.
    ~~~~~~~~~
  • 15:11 Executed
  • Sold 4 SSRM Feb 18th $17 Puts @ $0.79

(Trade procedure: 5 minutes after this notification posts, I will enter the trade on my brokerage platform. Once filled I will edit this post to include execution prices.)

Please note: I am placing these trades in my own account. And while I notify the group of all trades 5 minutes before I place my own personal trades, this creates a conflict of interest. Please review all disclosures and agreements included with your subscription packet.

Filed Under: income trades Tagged With: $SSRM

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