Options Trading

Recently I noted in a post that I opened up a new Interactive Brokers account in order to trade options more economically. I also shared how to move funds from your broker to IB and get started. Over the last couple of years, I have been dipping my toes and trying to understand how options trading works and trying to figure out what kind of strategy to use. Now that I have a better understanding of some of the basics, I decided to dedicate a separate to track my option trades.

Options trading can be a tricky strategy. There are multiple ways to play the field and make (also lose heavily) money. Some can be simple such as buying and selling calls and puts, some slightly more involved but still easy to understand – such as writing covered calls & puts; while some involve more complicated trades such as the bull call spread, bear put spread, butterfly spread, long straddle, long strangle etc.

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2 Recent Buys – CU, NGD

Some quick updates for the recent moves in my portfolio. I made a few purchases in January that I never got around to documenting, so here it is.

I made the following purchases in January 2017

  • 100 shares of Canadian Utilities Ltd (CU.TO) + 1 STO covered call
  • 1,000 shares of New Gold Inc (NGD.TO) *New position*
  • + New portfolio for my daughter – details coming soon in a separate post

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