With Silver Wheaton stealing up on $10 and expiration a little more than a week away, our calendar spread will be an increasingly easy sale for 0.50.  Yesterday the August 10 calls that we must cover traded as low as 0.11, so from here on out I’d suggest paying no more than 0.05 to close them out as long as the stock is 9.75 or lower. We hold four Sep 10 – Aug 10 call spreads for a 0.90 CREDIT, implying a paper gain of no less than $360.  That sum would be augmented by the amount we receive for the calendar spreads.