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<p>[QUOTE=&quot;desertgem, post: 1545340, member: 15199&quot;]<blockquote><p></p><p><br /></p><p>Well, I decided to close the position at end of today @ 1.77 as both silver and Silver spot kept faulting at 34(SLV) and 35 SPOT. Spot was above 35 about a half dozen times, but couldn&#039;t hold it. No sense in taking any risk as it will either head back to 34 if the dollar strengthens against the Euro, or will crash through it if Spain finally settle if they are going to take the bailout for sure. I wil buy back in if spot drops to 34.4 +/- or tops 35.2 and stays there for a few days.</p><p><br /></p><p>So after broker commissions, I made about .45 pershare on 40+ calls or 4000+ shares. To me the situation was very favorable or I would have done differently. </p><p><br /></p><p>This has made me feel odd as I don&#039;t like to mention gains, but since I started off, I felt I had to finish the story. Interesting 10 days. A portion goes to Salvation Army food needs, a habit when I do well with help.</p><p><br /></p><p>Jim</p></blockquote><p>[/QUOTE]</p><p><br /></p>

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