Sunday, January 22, 2012

Profitable Trade: SLV Covered Call

Today we were assigned out of our position in SLV in a Roth IRA. The trade was as follows:


12/19/2011   Bought 100 SLV @ 28.389                                    -2848.85
12/19/2011   STO 1 SLV Jan 21 2012 29 Call@1.12                     +101.27
01/21/2011   Sold 100 SLV @ 29                                                2879.94

We made $132.94 in 33 days. This equates to a 4.84% return or 53.5% annual. There weren't any juicy near month options to roll so we let it get assigned. I'll be hoping to find an opportunity to get this cash back in play soon.

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