Gold Resource Corp (GORO)

[groveswise]

Me too...been buying June GORO $20 calls since options started trading in GORO this fall.

I've collected 112 of the GORO JUN 18 2011 $20 calls with an average buy in of $2.48

Unless something catastrophic happens, that's 112X100X20=$224,000 received for an investment of
112X100X$2.48=$28,000

That's darn close to 10 times the initial investment vice the double made on GORO stock price alone going from 20 to 40.

As Orion states....if Goro ends up below (for me) $20/share come next June, then bye bye $28,000 initial investment.

Great way to play GORO though if your pretty sure it's going up.

G