Thursday, 30 July 2015

Options Trade - AGCO and SU

This week, I took advantage of AGCO's volatile share price to make some extra $$$ with options.

On July 29, AGCO's share price plunged from $54.19 to $50.25. This surprised me as their quarterly results, also published on July 29, were quite good. So I decided to close my call option: 

Jul/28/2015 BTC 1 AGCO Nov 20 '15 Call @ 1.45 ($11.20 commission)
Jul/20/2015 Sold 1 AGCO Nov 20 '15 Call @ 2.60 ($11.20 commission + $0.01 SEC fee)
Profit: $92.59
Annualized Return: 91.9%

The very next day, AGCO's share price popped above $55. So I decided to re-sell the exact same call.

Jul/29/2015 Sold 1 AGCO Nov 20 '15 $55 Call @ 2.60 ($11.20 commission + $0.01 SEC fee)



Yesterday evening, Suncor published some very good quarterly results and raised the dividend 3.6%. That caused the share price to close up 6.3% today. This was the perfect opportunity for me to close my put option:

Jul/30/2015 BTC 1 SU Dec 18 '15 $35 Put @ 1.65 ($11.20 commission)
Jun/15/2015 Sold 1 SU Dec 18 '15 $35 Put @ 3.15 ($11.20 commission)
Profit: $127.60
Annualized Return: 32.4%


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