Taking Profits in Silver

The May Call option we purchased (2140 strike price) for $2705.00 (see our post:  Going Long Silver on Breakout Above Sideways Channel)  today is worth $6200.

We sold our May Call option and took the $3489 in profit.  Yes, prices could have gone up to 24.00 or higher (see our previous post about how high we anticipate prices to go), but we don’t leave over 100% profit on the table unnecessarily (Remember:  30% ROI would be considered great in any other investment.  If we can get triple-digit percentage gains in just a few days with our commodity futures and options trades, there is no need to get greedy!)

 

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