SLW – Silver Wheaton (Last:21.00)

We hold 800 shares with an adjusted cost basis of 12.95.  Our most recent covered write expired in May, but we’ll look to sell some more call premium against our stock if and when it pokes above $20. ____ UPDATEThe stock is trading above $20, but this seems like a good time to be a little greedy, so we’ll hold off on the covered write.  My next rally target is 23.72, and that is where we’ll plan to lay out some call options.