One stock that I trade only when I see what I believe is an exceptional profit making opportunity is Magna International Stock. The stock trades on both the US and Canadian markets but I only trade it on the Canadian markets. It trades under the symbol MG.
I have only done 4 trades in the stock over the past 12 months. Today though I could not give up another chance to profit from the weakness caused by the Volkswagen debacle. Both trades outlined are exceptional including a covered calls trade that could return over 5% for 3 weeks of risk.
This is the latest trade in Magna International Stock. The trade outlines my strategy, the approach taken and rescue I would use should he trade turn against my position. This trade is for FullyInformed Canada members.
Magna International Stock Trade Alert and Strategy Outline – Sep 24 2015
FullyInformed Canada Members can read this Magna International Stock (MG) trade alert and strategy outline directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
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.
Internal Stock and Option Trades Links
Canada Portfolio Trades For 2014
Put Selling Strategies For Members
Covered Calls Strategies For Members
Profit And Income Strategies Index
Stock and Option Strategies For Members
Stock And Option Trades Explained For Members