NaughtyPines

OPENING: HL COVERED CALL

NYSE:HL   HECLA MINING COMPANY
This is a little gold             miner than came up on my high implied volatility screeners (the others were AUY             and KGC             ).

Metrics:

Bought Shares at 5.82
Sold Oct 21st 6 call
Whole Package: 5.35 db            
Max Profit: $61
ROC: 12.1%
Comment: The Oct 21st 6 call has done its job, so I'm covering it here for a .05 ($5) debit and selling the Dec 16 5.5 for a .37 ($37 credit). This is farther out than I like to go, but wanted to get something "decent" for a short call that is still above my cost basis. Cost basis now is 5.03 per share.
Trade closed manually: Covering here for a 5.37 credit. With 38 DTE, the diff between the call away price 5.50 and current price (.13/$13) isn't worth "hanging out for." $32/contract net profit after fees and comms.
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