SLW, called away early.

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.