just thought would bring up to date some of the trades mentioned recently, ie. 8-18
1. Bpf.un bought at 14.21 (one 11.3 cent div) and sold most at 14.70-14.75.
bpf.un yield 9.13% and closed at 14.85 on Toronto. seems to found a new range at 14.70-14.98. own a small positon and watching.
2. Chl.un bought at 9.95 - 10.15 sold half at 10.50.
currently at 11. may sell small amount over 11.50 but will probably just pick up the monthly div (equals 9.55% yield).
would look at buying more below 10.50
3. TRP Finally a pipeline. TRP (trades NYSE, TSX)
Trans Canada pipelines bought some at 35.60, also sold covered calls, this week on Montreal...(that is painfull) for 36sept. and 36oct.
if I lose the stock will make 4.30% for one month,
and 7.95% in two months (two months counts div).
give me 2% a month I go home happy.
(well it closed at 36 on the third friday (toronto) in sept. did not know until monday that I loss the stock.
anyways on that trade one month made 4.30%.
this month will be 7.95%.
bought some at 36.20-36.28 the following monday and wrote a 36 Jan call and counting will get one div.
will make 6.20% until sept. not great, got a good price for the options last time.
still 6.20% in five months, in a defensive stock is not a bad play.
4. also wrote (sold) 36 put jan got .95
5. wrote more puts on TCK.b (TCK) on montreal (low 40s ie. 40, 42,). would rate them a hold here close to 50.
great stock, can be very volatile, ie. look at the sell off and the price movements.
RIMM own a small positon, had it for about one month. RIMM is overvalued. it just keeps moving higher..... they report this week.
sold 25%, and will wait for earnings.....will probably be selling soon.
thanks
selkirk
stock yields 3.80%, will make 2.05 in 2007 and 2.20 in 2008 and they have a habit of increasing the div.
1. Bpf.un bought at 14.21 (one 11.3 cent div) and sold most at 14.70-14.75.
bpf.un yield 9.13% and closed at 14.85 on Toronto. seems to found a new range at 14.70-14.98. own a small positon and watching.
2. Chl.un bought at 9.95 - 10.15 sold half at 10.50.
currently at 11. may sell small amount over 11.50 but will probably just pick up the monthly div (equals 9.55% yield).
would look at buying more below 10.50
3. TRP Finally a pipeline. TRP (trades NYSE, TSX)
Trans Canada pipelines bought some at 35.60, also sold covered calls, this week on Montreal...(that is painfull) for 36sept. and 36oct.
if I lose the stock will make 4.30% for one month,
and 7.95% in two months (two months counts div).
give me 2% a month I go home happy.
(well it closed at 36 on the third friday (toronto) in sept. did not know until monday that I loss the stock.
anyways on that trade one month made 4.30%.
this month will be 7.95%.
bought some at 36.20-36.28 the following monday and wrote a 36 Jan call and counting will get one div.
will make 6.20% until sept. not great, got a good price for the options last time.
still 6.20% in five months, in a defensive stock is not a bad play.
4. also wrote (sold) 36 put jan got .95
5. wrote more puts on TCK.b (TCK) on montreal (low 40s ie. 40, 42,). would rate them a hold here close to 50.
great stock, can be very volatile, ie. look at the sell off and the price movements.
RIMM own a small positon, had it for about one month. RIMM is overvalued. it just keeps moving higher..... they report this week.
sold 25%, and will wait for earnings.....will probably be selling soon.
thanks
selkirk
stock yields 3.80%, will make 2.05 in 2007 and 2.20 in 2008 and they have a habit of increasing the div.
