Profitable Trade: SLV Silver Miner ETF

The trade looks something like this:

 10/20/2011  15:43:21         Bought 200 SLV @ 29.6899                                       -5,947.97          
   
 10/20/2011  15:43:45         Sold 2 SLV Oct 28 2011 29.0 Call @ 1.49                       286.47            
 10/31/2011  10:18:09         OPTION ASSIGNED (SLV Oct 28 2011 29.0 Call)

 10/31/2011  10:18:09         Sold 200 SLV @ 29                                                    5,779.89

In 11 days we made $118.39 on an investment of $5661.50 or  2.1%, including commissions.This equates to an annual return of 69.7%.

Report Card: For those keeping track our success rate is at 100% since the inception of this blog although the sample rate of 2 closed transactions is admittedly rather small.