By Don Fanstone, Member, Kitchener/Waterloo User Group
Trades since Monday Feb. 23:
Feb. 23 Sold 10 IPL July 27’s @ $6.65. Bought Dec. 22/14 @ $5.00 Profit $1,650
Feb 23 Sold 5 ENB July 52’s @ $9.70. Bought Feb. 4 @ $11.95 Loss $1,125.
Feb 24. Sold 4 CNR June 70’s @ $16.70, Bought Jan. 20 @ $12.65 Profit $1,640.
Feb 24 Sold 10 CNR June 72’s @ $15.00, Buy Nov. 26 @ $13.00. Profit $2,000.
Feb. 24 Buy 7 CTC.A Aug. 110’s @ $15.55 Sold Feb 26 @ $22.70 Profit $5,005.
Feb. 26. Buy 5 SWKS Aug. 75’s @$17.07 US. (Open Contract)
Feb. 26 Buy 10 AVO July 21’s @ $5.00 (Open Contract)
Feb. 27 Buy 10 MIC July 28’s @ $4.70 (Open Contract)
Comment:
The MTI is nearing a top in the USA and in Canada, see the one year MTI graph.
Read Dr. DiLiddo’s Feb. 20 and Feb. 28 comments on the US market.
This is not an ideal time to be adding Call Options or Buying Stock Long with the expectation that the markets are going to move up strongly.
Follow Dr. DiLiddo’s advice, don’t sell everything, be aware and be cautious.
DISCLAIMER: Options trading involves risk and is not suitable for everyone. The information contained in this Blog is for education and information purposes only. Example trades should not be considered as recommendations. Options training is strongly recommended before placing any trades. VectorVest offers a basic options course online and occasional intermediate options workshops in Canada each year.
Hi Stan,
i am a very active option trader and would like to be included in reading your strategies whenever you post them.
Thank you.
John
I live in Cambridge and I notice you are a part of the Kitchener/Waterloo group. Do you all get together to share ideas?
Hi Stan can you let me know when the next Ottawa users meeting is coming up. Thanks
Ron. McNamara
Hi Ron, The next meeting has not been posted in the Views as yet. It should be coming up soon, so do check the Views tab this Friday. Scroll down to the User Group section and click on the link for meeting date, time, location and agenda.
Hello Don.
Thanks for your Option info. It is helping me to get my feet wet and is arousing my enthusiasm to trade Options. You made the right call (no pun intended) on CTC Aug 110’s. Wow! What a profit on the close. I look forward to your next note and progress. Thanks
Warren
Hello Stan.
The next Ottawa User Group meeting is next Wednesday March 11th at 18h45hrs. Same place and same time as last month. Rob posted an email today with the agenda. I haven’t checked VV Views to see if it is posted. Welcome back from Montreal. Sounds like you had an excellent weekend.
Warren G.
It was a great few days, thanks to the hospitality of our Montreal VectorVest investors. Wonderful to see so many VectorVest friends and make some new ones as well.
Hello Ron. The next Ottawa User Group meeting is Wednesday March 11th at 18h45hrs. Location is the Ottawa Public Library in Kanata by Earl of March High School on Campeau Dr. See you there.
Warren
Above Don writes that he bought options Feb 26 and 27th but doesn’t say whether they were calls or puts? Is that intentional?
Shayne:
Sorry, Not intentional, these trades are Call Options.
Don
Mary:
There are several Option Traders who follow VVest, and we communicate mainly by email. Have you attended the KW VVest monthly meeting. You may find it of interest to meet like minded folks.
Don