$168 Profit
CVE.TOLong Option
Entry comments: Cenovus is a Cdn energy stock that trades on the NYSE and TSE. It is above the 10 month SMA. It is trading within the Keltner channels so is not overbought. The 20 Strike price satisfies the 1% rule of Chuck Hughes option trading. AS I am a proud Canadian, I have opted to purchase my option from the TSE
Exit comments: This Cdn energy stock was going up nicely, and then yesterday hit energy stocks. Thankfully, it did not go down much, and as I had purchased a put option when it was $26 CDN, I still did nicely. My profit was 215 CDN, which is roughly $168 USD. Less 91 CDN for my put gives me a net profit of $126 CDN for this Profit Guard spread, or 97 USD.
Broker:Questrade
| Date | Price | |
|---|---|---|
| Entry | 5/3/2022 | 4.45 |
| Exit | 5/19/2022 | 6.60 |
- Total Views80
- Position Size1
- Percentage48.31%
- Option TypeCALL
- Strike20.0
- Expiration5/20/2022
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