In this video, we discuss our trades from last week (May 6th 24). No/few calls got assigned this week because the monthly expiration is coming up in the coming week (May 17th 24).

Why do we trade covered calls?

- generate income while waiting for a macro trend to play out

- buffer downside of market movements

Blog posts deep-diving into the macro trends of Uranium and Silver mining:

https://www.coverd.io/uranium-a-trade...

https://www.coverd.io/silver-a-trade-...

TIckers we are looking at:

Gold and Silver Miners:

GDX

GDXJ

SILJ

Uranium Miners:

URNJ

URNM

URA

NXE

CCJ

Solar/Chinese:

CSIQ

JKS

Chinese indices: 

KWEB

FXI

BABA

Copper:

FCX

COPX

TECK

As always, our goal is to generate about 2% of monthly income from selling covered calls and collecting the premium. Of course this is not guaranteed income, but it can help to buffer the downside during inevitable drawdowns in the market.