As discussed in my 6 trade ideas for Canadian Equities article I really should have entered this trade yesterday but I was too busy with so many other trades. Today though I did not miss my chance and jumped at this trade. This is an ideal trade to continue to build up the Canadian Portfolio. I hope to soon rival the gains being made in the US Portfolio which is not up 27% for the year.
Rogers Stock trades on both the Toronto Stock Market (TSX) under the symbol RCI.B and on New York under the symbol RCI. I have always traded Rogers Stock on the Toronto Stock Exchange to keep the trades in Canadian dollars but also because options are in $2.00 and $1.00 increments in Canada whereas options are in $5.00 increments in New York. In both Toronto and New York options are thinly traded but in Canada there is a following of investors for Rogers Stock options which makes them tradable and profitable.
Rogers Communications Stock has been badly beaten up which makes this trade’s timing exceptional in my opinion. The trade is designed to focus on safety of capital first and profit for the Canadian stocks portfolio second.
Rogers Communications Stock (RCI.B) Trade Alert
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