Silver Wheaton’s nasty fall from a recent high at 17.45 hasn’t much affected the profitability of the option position we established a while back. We have since modified it so that we hold eight December 12.50 calls with an effective cost basis of 0.40 and are short eight January 17 calls for 0.80. Our intention is to exercise the calls and come out of this Friday’s expiration with 800 shares of stock as a long-term position.  No further action is suggested  at the moment.