SLV may roll over and head a little lower as it looks as if a pivot was created at of the end of the day. SLV continues to make lower HIGHS and lower LOWS which are signs of a continued downtrend for the past 3 months.
4/27/2009 Sell to Open SLV May $13 Call 10 contracts @ $0.30
Again, this is the other half of my total shares so it reduces my cost basis another $0.15
Cost basis: ($11.775) = ($11.925) - $0.15
Looking at selling a deeper in the money call of FXB as it rejected the $150 mark. I will buy back the May contract and look at selling a $140 June contract.
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