Today the order I had to buy back the Call option against my iShares Silver Trust ETF shares was executed at the dirt cheap price of $0.01 per contract share plus $0.65 in commission. This results in a profit of $26.74. Definitely not a lot, but definitely better than bank interest.
To continue with the objective of trying to at least do better than bank interest, I have entered an order for a Contingency Trade. When the last trade price for SLV breaks over $18.62, I will Sell-To-Open a SLV19AUG10 Call against my SLV shares at a contract share price of $0.46. The goal is to increase my monthly profit margin from 1.57% to a solid 2% of my average cost basis. I believe this to be a fully obtainable goal. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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