It has been 12 days since my last post and this is how things are working out for me. For starters, my iShares Silver Trust ETF (SLV) $18 call option that I sold to open has been climbing and holding in the money. At the current rate, it could break through the next strike price. Fine by me since I want to collect the capital gains on my SLV position. As a quick note, EV Energy Partners (EVEP) did dip below $32.50 but has been climbing up ever since. The current close is $33.62.

In my last post I mentioned a concern that Capital Product Partners, LP (CPLP) could base around $8 for about month before going back up if it didn't continue down, and that my position would be eroded. I am sorry to have to say, it looks like that may very well be the case. I am not quite ready to dive out yet, but I will have to eventually.

And lastly, I think I am making more bad mistakes, but I can't seem to help myself. Citigroup Inc (C) has been ranging between $3.50 and $4.25 for a few months. And for some reason I keep expecting growth out of it based solely on the fact that it is technically oversold both on the daily and weekly charts. It would have been wiser for me to by the stock and sell the $4 calls against it month after month. For that additional bad mistake I started this paragraph of with, today I bought 3 of the December 2010 $2 call options. Woe is me if I don't see a momentary bounce in C for a week or two. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com