Selling SSRM puts for income.
SSRM Mining (SSRM) is a gold and silver mining company that should benefit from the current inflationary environment.
While gold and silver have been off investors’ radar for much of the last 2 years, prices are now moving higher in response to today’s high inflation print.
I expect precious metals to trade much higher, driving shares of miners like SSRM up.
By selling the July $20 puts near $0.85, we’re able to collect an annualized yield near 44%, while also giving us roughly $0.60 per share in cushion between the current market price for SSRM and our strike price.
- Sell (to open) 3 SSRM July 15th $20 puts
- Limit: $0.85 or more
- The new position will represent roughly 6.8% of our model.
- 14:27 Executed
- Sold 3 SSRM July 15th $20 Puts @ $0.85