Saturday, 10 February 2018

New Purchase - HLF

On Feb 6, I used fresh capital to add to my position in HLF. 

- HLF: 100 shares @ $13.10, +$58 dividend, 4.4%

My yearly dividends now stand at $10,896.

Tuesday, 6 February 2018

Sold a naked Put on WFC

WFC was down about 10% yesterday and continued its decline today. So I thought it was a good time to sell a put.

If I do get put the shares, I'll be buying @ $47.30. Seems like a pretty good deal in a rising rate environment.

I bought shares back in September 2016 after the bank account scandal and added to my position in May 2017. I've done ok so far...even with the recent share price drop. I hold it in my TFSA so i get dinged with a 15% dividend withholding tax. On the bright side, there is no capital gains tax.

Sunday, 4 February 2018

Sold a Call on CSCO

In May 2017, I purchased 100 shares of CSCO @ $31.15. Since then, I have received 3 dividend payments and the share price has risen to about $42.

On Feb 1, I sold a Call in CSCO:

The most likely outcome is that I will BTC the call at some point. Other outcomes are:

1. CSCO is trading above $42.00 at expiration. I will have to sell my shares.

2. CSCO is trading below $42.00. I will get to keep my shares as well as the premium.

Friday, 2 February 2018

Closed My Put on KR

As discussed in a previous post, I sold a Put option in KR on Dec 26th. Since then, the share price has appreciated a couple dollars and I decided to close the option.

I netted $111.59 over 36 days.