Silver has an uptrend since the new year. Support around 58. Another support at 53. Unlikely to hit strike in 11 days. If exercised, convert to covered call strategy. ATM Calls are about 10% of the underlying cost. Try to get calls exercised ASAP. Not something to hold on for long periods of time due to high volatility in silver.
Posted: Jun 18, 12 5:44 PM/