United States Antimony Corp (UAMY)

[nbm16yankees]

jrf30,
I enjoy reading your philosophy on options. But I believe
you are leaving money on the table and can still be conservative in your approach.

Based on today's closing prices ($6.67), I calculated my take on selling an out of the money call. (Nov $7.50)
Premium received would be $1.02. (halfway between bid of $.90 and asked $1.15) Most of the time I like to split the bid/asked prices.
$1.02 based on purchase price of $6.67 would be 15.2%.
The beauty of OTM calls, if they take my stock I make an additional 83 cents ($7.50-6.67), thus increasing my
yield to 27.7% ($1.02 + .83 = 1.85) 1.85 divided by 6.67 = 27.7%.
If strike price is not reached, I still own the stock and write again.
I think we both believe with the DOD $245 million contract there will be higher stock prices down the road.
I like your idea but I can't see losing money on the sale of the stock, even though I know I will have call premiums to offset it.
By the way, that other company I mentioned the other day had another good day today. I posted on the IHUB page the news..
I think they are in negotiations with UAMY. Article mentions they are in negotiations with a third party. Who else has a working smelter?