We hold 800 shares with a costs basis that has been reduced to 11.75 by several covered writes done in succession.  The stock is working on a minor bullish impulse that could hit 16.01 if a midpoint impediment at 15.63  gives way.   Let’s be prepared by offering eight April 17 calls short for 0.26, good till Friday. That price is a bit rich, so be prepared to adjust on-the-fly if I give the signal intraday.  ______ UPDATE (11:11 a.m. EST):  Cancel the offer, since time decay ahead of a three-day holiday weekend is causing the April calls to shed premium too fast to make them worth selling.  Instead, offer eight May 18 calls for 0.66, good till canceled.  The sale is predicated on a 17.25 target. _______ UPDATE (April 7, 10:13 a.m. EST):  Short the calls on the current bid of 0.65, taking a penny’s discretion. (Note: With SLW on the move at the time of the update, the worst you could have done was 0.64, so we’ll use that price officially.)