Another update for Silver Wheaton (SLW)
My position of 400 shares have been called away at $25 each netting me $9956.00 for this stock. Back into a position of heavy cash.
Lets break down the total return (net)
Bought $24.11 $ 9646.00
May, June, July (options) $ 0.88 $ 354.00
Sold $25.00 $ 9956.00
Total Profit $ 664.00
percentage % 6.88
Not bad for a (roughly)10 week holding period. Well at least its better then the 1.257% of just holding the stock and collecting the dividend.
Now onto the next stock to do the option trade on.
Stay tuned while I sort out which company to choose from.
Sunday, 22 June 2014
Friday, 13 June 2014
Update Silver Wheaton (SLW)
Seeing that SLW was on the move upwards yesterday I have bought the June $24 call position for .40 cents each costing me $183. Today I have written the July covered call for $ .55 cents each earning me $197 net.
Best case is for the shares to be called away at $25, would capture $1.45 each (.90 + .55) or 6.02% for the five week holding period. The worst case would be that it doesn't get called away at $25, as it'll only earn me the .55 (gross) or 2.28%. Still at the low end not a bad return for the 5 weeks.
Bought at $24.10
May covered call 152.00 0.38
June covered call 188.00 0.47
BTC, June contract -183.00 0.46 (rnd)
July covered call $197.00 0.49
Total collected $354.00 0.885 3.67%
Still not bad over the dividend percentage of 1.257%
Lets see if SLW has the legs to get up to the $25 dollar mark in the coming 5 weeks.
Till then happy trading
Seeing that SLW was on the move upwards yesterday I have bought the June $24 call position for .40 cents each costing me $183. Today I have written the July covered call for $ .55 cents each earning me $197 net.
Best case is for the shares to be called away at $25, would capture $1.45 each (.90 + .55) or 6.02% for the five week holding period. The worst case would be that it doesn't get called away at $25, as it'll only earn me the .55 (gross) or 2.28%. Still at the low end not a bad return for the 5 weeks.
Bought at $24.10
May covered call 152.00 0.38
June covered call 188.00 0.47
BTC, June contract -183.00 0.46 (rnd)
July covered call $197.00 0.49
Total collected $354.00 0.885 3.67%
Still not bad over the dividend percentage of 1.257%
Lets see if SLW has the legs to get up to the $25 dollar mark in the coming 5 weeks.
Till then happy trading
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