SLW – Silver Wheaton (Last:14.41)

We  are long the December 12.50-December 15 call spread eight times for a credit of 0.15 per, having legged into it at great prices. No adjustment is suggested at this time, since I expect the stock to hit a minimum 15.31 before the  options expire.  As of now, I’m planning to cover the short December 15s and letting our long calls turn into stock that would become the core of  long-term position.