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.
Showing posts with label SLV covered calls. Show all posts
Showing posts with label SLV covered calls. Show all posts
Sunday, January 22, 2012
Monday, December 19, 2011
New Trade: Silver (SLV) Covered Call
Today I entered into the following transaction in a Roth IRA:
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
Silver has been slaughtered as of late and it is trading at the bottom of it's trading range. Our out of pocket is $27.47 which is at or below the bottom of SLV's trading range for the last year. We are bullish on precious metals and look at the recent downturn as a buying opportunity. If we get called away we will make $133 in 33 days which equates to 4.84% or 53.53% annual.
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
Silver has been slaughtered as of late and it is trading at the bottom of it's trading range. Our out of pocket is $27.47 which is at or below the bottom of SLV's trading range for the last year. We are bullish on precious metals and look at the recent downturn as a buying opportunity. If we get called away we will make $133 in 33 days which equates to 4.84% or 53.53% annual.
Monday, October 31, 2011
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.
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.
Thursday, October 27, 2011
Trade continuation: SLV Silver ETF covered call
SLV has risen sharply in the last few days. I find it hard to resist rolling forward for a short period of time, getting a net credit and increasing the strike price so I can participate some more in the price increase. I had that opportunity today with SLV.
BTC 4 SLV Oct 28 32 Calls @ 1.71
STO 4 SLV Nov 19 33 Calls @ 1.92
This trade brought in $21/contract, lowers our cost basis, increases downside protection and allows us to participate more in the rise in price. With the market rising overall with the easing of Europe fears I'm not particularly excited about entering into new income positions.
BTC 4 SLV Oct 28 32 Calls @ 1.71
STO 4 SLV Nov 19 33 Calls @ 1.92
This trade brought in $21/contract, lowers our cost basis, increases downside protection and allows us to participate more in the rise in price. With the market rising overall with the easing of Europe fears I'm not particularly excited about entering into new income positions.
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