Sold a call

Today I sold a call against my position in SLW. I purchased the stock earlier in the week but was not thrilled with the option prices at that time.

The stock has moved up the last couple of days, and today I was able to sell an April $12.50 call for $.35. This gives me about 2.3% income against my stock position, but leaves me a lot of upside for the stock itself. If the stock is called at expiration I will realize a 17% return for less than 2 months.

SLW is primarily a play on silver prices. I really like the prospects for this company.

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