Week Of 6.16-6.23

THIS WEEK I WAS LOOKING TO TAKE ADVANTAGE OF SOME OVER DONE SILVER TO THE DOWNSIDE AND BOUGHT SOME PAAS JUL 17 CALLS IN THE LOW 16'S...GOT OUT WITH A SMALL PROFIT...

WAS ALSO LOOKING AT MOODY"S AS IT WAS DOWN FROM THE 70'S TO THE HIGH 40's AND FOUND SUPPORT...

CONSIDERED BUYING SOME CALLS IN EITHER VALERO, CHESAPEAKE OR ULTRA PETROLEUM BEFORE THE INVENTORY NUMBERS THIS WEEK----NEVER PULLED THE TRIGGER AND DIDN'T SEE THE HUGE MERGER NEWS ON FRIDAY THAT BUMPED UP UPL BY $5...

AS ALWAYS I'M LISTENING TO THE FINANCIAL SENSE NEWSHOUR @ www.financialsense.com


ULTRA PETROLEUM - UPL



PAN AMERICAN SILVER - PAAS



MOODY'S - MCO