CNR Stock has been a stellar performing. The stock split last year did wonders for the stock and my portfolio. Lately it has been banging up against resistance and can’t seem to break through the $88 level to push through to $90.
Now with concerns rising over rail transportation of oil, the stock is selling off.
Last month’s return was 1.5% and this month’s trade looks set to pull in just shy of 2% and I am pretty sure I can boost that return a bit more. At this rate since January the stock is on track to easily return 20% for the year.
This article looks at my trade in CNR Stock, the outlook for the stock, my latest trade done this morning (Mar 23 2015) and last month’s handling of the trade which expired on March 20.
This is one of the stronger Canadian stocks for both Put Selling and stock trading which includes covered calls. It is definitely near the top of my watch list of Canadian stocks I follow.
CNR Stock (CNR) Trade Alert for Mar 23 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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