United States Antimony Corp (UAMY)

[jrf30]

"I sold a bunch of the $12.50 puts today, expiring this Friday."

Well, I guess selling short term puts was the right thing to do. They expired. Now we are lower. Sold the $8.5 puts for this week. Still staying out of the money, as the volatility gives good premiums but also adds to the risk a little. Will either make money on those or if it dips below $8.50 I"ll roll those out too.

The stock is a LOT closer to my desired points now than it was. And I'm still short the $7.5 covered calls so will (probably) be forced to sell shares some at $7.50 in the future. But I got $4.90 for each of those when I rolled them out, and will either get it called away (At a profit) or keep a LOT of premium. I'd be happy if it closed at $7.40 that day and I kept the stock but also kept the premiums.

Guess that means although I'm bullish on the stock, it won't bother me if it dips some more.