ClearValue Investing
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AG Writing of Put Option Position
🕑 Added 2025-11-14 17:11:01 +0000 UTCThree weeks ago, we wrote the AG $12.50 Put Option expiring on November 14th (today) for $0.90.
Right now, the position is up around 57%. If you want to close the position now (buy the $12.50 put to close), then that wouldn't be a bad idea and please enjoy the win.
However, I plan on being assigned the shares. In other words, because the price is below the $12.50 mark, around $12.17, I will be obligated to buy the shares for $12.50. However, I got paid $0.90 a share to write the puts.
Essentially, I will be buying the shares for $11.60 ($12.50 purchase price minus the $0.90 I was compensated to buy it).
Therefore, in plain English, I will not be buying the puts to close the position, I'll be holding the contract until it expires.
Once I get assigned the shares, I plan on writing covered calls on these shares. I feel comfortable getting assigned the shares because silver is showing strong support at $48 a troy oz (currently at $51.50/oz). December will be a big delivery month as well.
On a side note, a few days ago (per my post on October 27th), we bought some some AG shares at $12.33. I'm still waiting to write covered calls on these shares.
Comments
James cock
Hi what u mean December will be big delivery month? Does that mean Bitcoin crypto market will rally too or only silver?
Mo sal
This is awesome Brian! I’m a little late to the party on this one but happy to see you posting so frequently again. Do you happen to offer any investment advisory services (outside of what’s here) as well?
