We hold 800 shares with an adjusted cost basis of 12.95 against eight October 26 calls shorted for 1.00. Continue to bid 0.58 to cover half the calls and 0.48 to cover the rest. Check back intraday, though, since I may recommend covering them on a buy-stop near 0.80 if SLW turns unstoppable once again. _______ UPDATE (4:24 a.m. EDT): SLW is looking pretty feisty at the moment, so let’s plan on covering all of the calls with a 0.92 buy-stop, o-c-o with a 0.68 limit bid . That means that if the calls trade 0.92 or higher, you buy them back with a market order, but if they trade 0.68 first, that’s where to get ’em in.  _______ FURTHER UPDATE (12:31 p.m. EDT):  We scratched the calls, covering them for 0.95 or less.  For what it’s worth, Comex Silver’s weekly chart points toward an important intermediate-term high at 22.50, so there’s plenty of upside left.