Mr. GIC portfolio

[selkirk]

been looking at cdn. corporate bonds, for...hours..hours..today. own some Telus bonds 7.50 June 01/06; and wonder if they are a trap (small profit), believe will hold them. trade at sharp discount since they were downgraded.

anyways on to the portfolio

after one year will expense brokerage costs, interest will not offset them. not even close.

trade

Manulife Jan $42.50 calls 3 contracts (.75/.95) 300X .75 = $225
take the worse price always for record purposes.

add the $225 to cash

$12009.50

Manulife is at $36.45 and just seems to be drifting downwards, still like the company but does not seem to be doing anything. so wrote a call to reduce my costs.

thanks
selkirk

 

[selkirk]

writing $7 CAE puts DEC 6 contracts (TSX/ME) puts

stock closed at $7.10

bid .80 ask $1 will use .80 always the cheapest price

.80 X600 = $480 credit

will be added to cash position, CAE info is in the stock club portfolio, have been writing $6, $7 since it has been shot.
their into flight training, commercial training is questionable, but 40% of revenue comes from military and growing.

thanks
selkirk

 

[selkirk]

will have the portfolio updated, along with prices, will start a new thread soon,
trades
1. Manulife Jan $40 (.85/$1) 3 contracts
300X .85 = $255 credit

2. TD Jan $40 (.20/.35) 4 contracts
400X.20= $80 credit

added to cash

added to the cash position
$12,824.50

will take a charge on these trades for comission costs and all other trades.

thanks
selkirk

 

[selkirk]

Portfolio
Saxon small cap $5000 invested at $17.237 to buy 290.073 units.
XIU I 60s Dec $42.50 puts 3 contracts (300 X $1.70= $510)

Summit Reit (smu.un) 500 shares (purchase price $14.98/yield 10%) divs= $127.50

Manulife Financial 300 shares ($45.95) divs= $42

s Manulife $45 Oct Calls 3 contracts (.75/.90) .75 X 300 = $225 credit

s Manulife Jan $42.50 calls 3 contracts (.75/.95)

s Manulife Jan $40 calls 3 contracts (.85/$1)


CP $30P Oct 5 contracts $475 credit (500 shares)

500 shares Russel Metals RUS ($4.31 05/06/02)

s TD $37.50P Oct. 4 contracts $480 credit

s TD $40 Oct. Calls uncovered 4 contracts (.40/.50) 400X.40= $160 credit

s TD Jan $40 Calls 4 contracts (.20/.35)

200 Encana Shares

s 2 Encana calls Jan $47.50 S

500 BFI Canada Income Fund BFC.un$10.97

s 6 CAE puts Dec 7 (6 contracts ) (.80/$1)

cash $12,824.50

thanks
selkirk