Gilberts portfolio

[selkirk]

going to sell 3 cnq $34 puts Nov. for .35 so 300 X .35 = $105

this will offset the 3 oct 36 that are now in the money, will roll the oct call out to nov 36 or nov 37.

will add the oct, atp div in a few weeks.
was thinking about the nov. 35 but you only get .10 cents so not really worth it, as it is only a hedge.

by the way cnq is over 37 and it deserves to be there as oil is at 83, and they will make great earnings if oil stays here...., oil is being helped by the thought that the world wide economy is growing, and the US dollar is going lower and lower,.....ect.

thanks
selkirk

 

[selkirk]

so bought back the oct 36 into nov 36 calls 1.70 bought and sold for 2 for a 90 credit. now these nov are offset by the 34 puts cnq. the calls are in the money by just over a $1, so may have to close it out for a 300 debit.

sold Agu put since the 62 oct puts expired worthless, agu put 76 nov sold for .62 $62. the amount goes to trade cash. will go through the trades and see if I have a surpluss or debit should be close....equity trades cost $10 options $12.

note ATP div monthly for oct 36.36 will be included in cash


Oct 20, 2010 update
started with $10,000

- bought back the 36 oct calls cnq 36 1.70 and sold 3 nov 36 calls for 2 the $90 credit added to cash.

-cnq nov 36 3 calls 3

- cnq nov 34 puts 3 = $105

- agu nov 76 1 put .62 = $62

-300 atp $13.80 = $4140

-3 atp jan calls $14 (.35/.45) =$105

cash = $10894.82
counts 27.36 atp div for sept.

atp calls agu 76 nov calls = $167 to cover trades

total portfolio $10894.82+ $4140 = $15034.82

note: the total does not take into the option on CNQ now $300-.

thanks
selkirk

 

[Kid Bro Sweets]

great works as usual :toast:

 

[selkirk]

thanks KBS, hope you are doing well.
good run, should note last week bought some tck.b (tck in the US), and wrote covered calls dec on them.

so bought tck.b at 43.75-44.30 cdn. and sold calls dec 43-44. If I lose the stock will make 5-7% in two months, not counting div. the risk is if the market sells off tck.b will drop. lose if it goes below 40 cdn.
note:would have been better just holding and trading the stock since it went up almost 5% within two days later, still like the calls since it pays so well.

did not put in this portfolio since this will wrap up in november. and the calls are in december.

thanks
selkirk

 

[selkirk]

Gilberts portfolio comes to an end 39.59%

Gilberts portfolio comes to an end 39.59%

This is a wrap up of Gilberts portfolio which started Nov 19 2010.

will buy back the 36 cnq calls nov that are in the money. -1086. cnq shot up when oil went up and qe2 was announced by the fed.

the CNQ 34 puts will expire worthless, as will the agu nov 76. cnq is now at 39.62, and agu is at 86 cdn.

the atp is valued at the current price of 13.48, believe it will not hit 14 jan...but the call is covered anyways.

trades 30 10 equity, 20 options X$10 = $300

set aside for trades $407. will add the extra $107 to cash

would have covered the cnq but it was a quick move, would not be short any oil stocks. the US dollar wants to go down and the fed wants to reinflate the economy....beware of long term bonds.

thanks
selkirk

Nov, 5,2010 update
started with $10,000

- cnq nov 34 puts 3 = $105

- agu nov 76 1 put .62 = $62

-300 atp $13.48 = $4044

-3 atp jan calls $14 (.35/.45) =$105

cash = $9915.82

total portfolio $9915.82+ $4044 = $13959.82

39.59% Gilberts portfolio

 

[selkirk]

should point out that the existing options have a value but 2 expire nov. 19, so will let it expire. the jan 14 call is covered.

the atp div is counted under the trade cash.
some past trades which were traded in and out of in a trading range ap.un 17 cuf.un 18 should have kept, ap.un 22.19 cuf.un 21.58 the stocks now yield 5.95% and 6.67% should have kept them, people began to chase yield...this will continue and these stocks should hold up, until rates go up.

CFX.un bought 14 sold 12 should have kept now at 16.07 plus huge yield 18%+, however heard pulp prices were dropping and they did, however cfx.un is a low cost producer...still beware very volatile...so in the junk part of your income porfolio.

if gilbert went forward would have included the tck.b tck trade...with covered calls, a good 2 month returns.
and cnq with covered calls, oil is good and they have a small exposure to natural gas which do not like as much but some day will turn.
===============================
Gilberts portfolo came about because a year ago a friend told me why did I always start with 100,000 portfolio, what about the small investor with 10,000

he works in the oil sands so money is not an issue but he has a small 10,000 account that he (plays around ) with...

it is called Gilbert, named after my Grandmothers step brother. around the same time my niece found a picture in an old dresser (drawers) full of old pictures and letters. there was a picture of Gilbert taken in 1915, with his regiment. before he went over to France.

my grandmother was just a baby (big families) and did not remember him, would like to get the names in the picture and going to have it framed, and copied. not sure if I will be able to get the names, going to get some librarians to help me with the little project.

Gilbert never made it back, and chances are no one in the picture probably did, the regiment saw a lot of fighting and read an account of an officer from it, talking of the new recruits and the conditions.

listed as a farmer, looks like a kid, anyways to all of them who served, thank you...remember buy a poppy, for remembrance day nov. 11.

thanks
selkirk

 

[DOGS THAT BARK]

Great job on portfolio Kirk--as expected.

Enjoyed following it and great ending with personal interest story :toast:

 

[Kid Bro Sweets]

Great job on portfolio Kirk--as expected.

Enjoyed following it and great ending with personal interest story :toast:

:toast:

 

[selkirk]

thanks dtb and kbs going to start another one, this will be passive. my share club in middle of september picked 10 stocks 100,000 portfolio.

I changed two names, will not sell any of the names for one year, that is one portfolio.

in the other portfolio will sell covered calls against the portfolio, covered calls 10% out of the money 3 months out.

will find out which portfolio does the best a or b. in a rip roaring bull market a, but in a flat/down or 20% up market b should do better...time will tell... will post this within a week.

long mfc, held up well during the selloff, this is a high risk play...and yes still like resources.

the european bond scare, will not be ireland probably spain and portugal and that is probably so mid 2011

thanks
selkirk

 

[DOGS THAT BARK]

If wasn't for headache of taxes and such--would be fun to have a movers and shakers portfolio with you managing it. I'd commit a chunk of change.