Kelly: Bought Back the VGZ Calls

Another quick update to the portfolio. Thursday morning I decided to buy back the calls I sold against my (VGZ) position at a premium of 20 cents. I had sold the calls at 45 cents, and they have provided a bit of cover as gold has pulled back. In my opinion VGZ has probably overcorrected, so I want to cover here and perhaps sell calls later if the stock moves up.