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