Entry comments: My call option has increased quite nicely just shy of 30%. I am buying this put option to help protect my profit, in this volatile market. Should energy stocks tank, this will ensure that I don't lose all my gains.

Exit comments: This put option was bought when my call option was up about 25%. At one point, it was up 50%, but I left it too long and yesterday the price dropped. I would have had more of a loss if not for this put option. A net 97USD profit entry and exit prices were CDN. Glad I made a profit on my first Cdn stock trade, on the TSE

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.

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