Option Expiration Week

I only have one option expiring this week, on Silver Wheaton SLW. It is quite a ways out of the money, so will expire uncalled.

I purchased SLW at about $10.50 and have been writing the $12.50 calls two months out for about 2.4% per option return if uncalled. This give annual option premium of about 14%.

I am very positive on the longer term prospect for this company, so I am trying to make some option premium until the price rises.


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