by Arnold Joe
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I’ve done a number of trades (see below) in the last few days, as a result of all the trades, my exposure to the oil patch is only the call options on Nexen Inc, as I sold heavily overweighted positions in Petro-Canada positions as well as my Nexen stock positions for gains.
If you’ve been following […]
Looks like I was wrong about BCE Inc options being mispriced as the stock did trade higher on Monday but the high was only $38.12 Cdn. I thought BCE would trade between $38-39 Cdn, but instead the trading range was closer much closer to $37. Since the Telecom sector isn’t something I’m familiar […]
Friday was an interesting day for BCE Inc (T-BCE, N-BCE) as the Supreme Court of Canada was scheduled to make a ruling either to allow the take over to proceed or to allow the bond holders appeal to succeed. BCE is the target of a friendly takeover at C$42.75. The ruling was scheduled […]
Sometimes it’s better to lucky than good
Last week I got lucky with my call options on BCE Inc. (T-BCE, N-BCE) as I sold my position, just before they expired on May 17th. With the options I had the choice to either sell the position and take profit or exercise the calls and take delivery of […]
