Investor's Opinion

It's Official

Published: 2010-04-17 17:55:00 EDT by Unknown

Well I have confirmed it. The Call option I had against my iShares Silver Trust position is no longer listed in my TradeKing account, but the shares are still there. With this opportunity, I will be selling against them again but this time at the $19 strike price. This way I profit off of all of the shares if they get called away from me by the next option expiration date.

As a side note. I had to recalculate my paper trade log as I had a feeling that I was being facetious with the numbers. In order for me to have made all of the trades that I did I would have needed to start off with a much larger account balance. The truth is that I only made 16% profit. Still not bad, but not nearly as glorious as my previous balance. That is my opinion, you can take it or leave it.

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Labels: correction, option strategies, paper trade, stock strategies, update

Updated: 2010-04-17 18:04:36 EDT