SLW – Silver Wheaton (Last:10.08)

I’m going to consider the calendar spread as having been closed out for 0.40, which, when added to the 0.90 credit that was our cost basis, yielded a theoretical profit of $520 minus commissions. We’ll try to re-establish a long position, but let’s do it when SLW is weak rather than rallying toward the daunting resistance peak at 10.97 recorded in early June.