By Don Fanstone, Member, Kitchener/Waterloo User Group
Purchased 5 July 42 Calls on ENB at $11.95. The pipelines will continue to do well, wherever the price of oil settles.
Purchased 5 July 56 Calls on BAM.A. Brookfield came off today in a rising market, not an auspicious start!
RY along with all of the banks received a downgrade and took a hit last week. By rights, the position should have been closed, but decided to hold on as RBC is a strong dividend paying stock, and did not see it going lower. Have been vindicated over the past two days, although, still in a loss position.
IPL continues to climb. Holding shares and July 27 Calls. Still a BUY.
CGI Group sold off today; but stock price is still in the Upper Channel of the Star Search. If it falls tomorrow, may close to save the profit in hand.
GWO has moved up and will report Earnings Feb. 11.
AVO continues to climb smartly. Holding July 14’s.
STN (Stantec) is an engineering firm that I have held for some time. Under water at the moment, but a smart move up today. If it continues to climb, Buy July 27’s.
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.