Investor's Opinion
Portfolio Update: Still Need To Work On Patience
Published: 2010-06-25 19:09:00 EDT by Unknown
In other news, I successfully sold a July2010 $19 Call option against my shares of the iShares Silver Trust ETF (SLV). My usual difficulty with selling against my shares is that in order for me to make money off of every share I have to sell an option at the next highest strike price from my most expensive share. I see this as a problem since SLV has a swing difference of up to $5, a 52-week high of $19.44 and I have 20 shares that were purchased above $18. This doesn't give me much room. I am actually looking forward to getting called out of my position of SLV so that I can cash in on my capital gains finally.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Labels: 52-week high, covered calls, option strategies, stock strategies, updateUpdated: 2010-06-25 19:53:28 EDT
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