Some further trades to report on this morning. These are in Canadian stocks.
These trades are being done on the TSX Composite Index in Canadian dollars.
Canadian Pacific Railway Stock (CP)
Next earnings are Oct 16. The Put Options Selling Tool Analysis shows the stock is in an uptrend that could change.
For September 20 expiry I sold 10 of the $300 put strike for $2.65. I would own shares in CP so I have no concerns if the stock fell. I plan to keep rolling these out should the stock fall below $300.
Canadian Imperial Bank of Commerce Stock (CM)
Next earnings are Aug 21.
I sold 7 of the Sep 20 expiry $98 put strike for 56 cents and will accept shares if assigned. This trade expires after earnings.
Questions? Use the form below or ASK TEDDI.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk.