recent trades

[selkirk]

have not done much but since I trade options the third Friday of the month something happens, here are two trades.

these trades were put on (1 month/1.5 months in advance)

yri (gold and tck.b (tck in US)trade in US and Canada these were done on Toronto / Montreal.

1. YRI

$12 Put Dec .75
$16 Call Dec .80
$15 Put Dec .45

I lost most of my Yamana Gold position earlier in the year for $12, posted this in this forum. was a profitble trade owned it since 2008, but missed of the latest upside.

so sold the 12 puts, and an equal amount of the 16 calls, the goal was it to land in between. at the time the stock traded just below $15 cdn.

my lack of wisdom is when the stock briefly crossed above 16, and so was worried the stock would rise and kill some profit, (should have just bought back the calls.)

sold the 15 puts, however gold kicked back and was put the stock to me, it is at 14.59.

now I will sell either the jan 15, or feb16, will get .70/.80

2. TCK.b (TCK in US)
this is a coal (met coal) and copper play (also produces zinc). but mainly coal and copper play. copper is holding up well, depends on the economy, in general as long as it holds $3 a pound will hold the position.

I own some stock and have a number of calls against the position.

recently sold 36 tck.b puts dec 1.50
stock is at 34.51 cdn. so basically even on this trade.

will sell 36 tck.b jan or feb 36/38 for $1.25/1.50

so hopefully these two stocks will rise, since will be able to sell the calls for more money.

thanks
selkirk

 

[DOGS THAT BARK]

I don't think I've had over a handful of trades in 2011. I've had boring couple of years--but kinda like it.

I'm looking forward to your 2012 predictions thread. :toast:

 

[selkirk]

DTB working on the predictions, last year were not that bad, most of the stocks suggested outperformed the market, and like every year made a few bad calls, or just do not make sense when looking back on them.

as for trades probably average 80-120 trades per year, though many of those are option trades. my two main portfolios did well, but would like to have them less complicated for 2012.

update on trades, these stocks have done well, and could just sell them as they were above the prices they were put to me, however...

1. YRI Feb 16 call .52

so basically have to sell the stock for $16 cdn. in feb. and for that get .52 per share.

2. TCK.b Feb 40 call .92
so basicallly have to sell the stock for $40 in Feb and got .92 per share.

since I own the shares will get the small divs, these stocks pay out, every little bit helps.

thanks
selkirk

 

[DOGS THAT BARK]

Got a Canadian stock I got tabbed to add --thought I get your take before I pull the trigger--
Shaw Communications Inc. Common (SJR)