$SVM 20261016 12.5 CALL$ Winning is losing... losing is winning... how you interpret these trades is up to you...

Obviously, I had sold a call option early. That simply implied missing out on making more money when the share price of its principal moves up. At the same time, I have bought a call option at an appropriate time. Although there's some way to go before its price target is hit, given the relatively long runway, it would compensate for the money I missed making.

It's still early days. If the share price of their principal continues to go up, and I would have to eventually fulfil the sold call trade (called away) by delivering the principal shares, I would gladly do so. While I would like to continue to hold on to $Silvercorp Metals Inc(SVM)$ , buying at $12.5 and selling at $15 makes good business sense. I would still ended up with the same number of principal shares. I did think about adding to my buy calls position when SVM dropped substantially in last quarter reporting season, the risk of further correction then was high, so I had just stayed the execution.

SVM is still very much in my top drawer of silver trade. If you think that it is confined to China, you are probably outdated. I like it for its China's operation, or its cash cow: a low cost based mine. Recently, it has expanded its operations across the globe 🌎, literally... It has acquired gold/silver/copper mines in South America and Central Asia. It even owns shares in other smaller silver and other critical minerals miners like $New Pacific Metals Corp.(NEWP)$ and $AURO METALS INC.(AURFF)$ . The runway for earning delivery has been greatly improved with the combination of development mines and its cash cow China's mines. It is no longer a "one-hit wonder", so to speak...

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