Thursday, April 8, 2010
Silver Wheaton (SLW) Covered Call
Silver has outperformed Gold Year-to-Date +7.7% versus +4.8%. Itz has picked silver to outperform for all of 2010. Looking at a silver & Silver Wheaton (SLW) chart today. Itz is suggesting a covered call against those that hold SLW stock. Sell to open a May $18 call currently $0.65 Bid/$0.68 Ask. The current cost basis of $12.05 (from previous call plays) would be lowered to $11.40, SLW was entered back on Sept 2009.
Informative article from thestreet.com today >>link