Our two long put option trades on CAE Inc. (TSX:CAE, NYSE: CAE) and TSX Group (TSX:X, OTC: TMXXF) initiated in October had the stated purpose of protecting against downside risk for shareholders but eventually expired worthless. Against the put options, holders of the underlying stocks had some capital appreciation which… Read More

Our remaining open long put on TransCanada (TSX: TRP, NYSE: TRP) with a strike price of $58 unfortunately expired worthless on October 21, registering our first trading loss since inception of the options service. As luck would have it, the company announced a huge share issue on November 1, which… Read More

The long put trade on TransCanada (TSX: TRP, NYSE: TRP) that we recommended in September worked well, delivering a profit of 47% in 3 days —but admittedly, you had to be nimble to capture the profit.Although we have not quite given up on our July TransCanada trade, it looks likely… Read More

This is the fourth edition of “Best Option Ideas” in Canadian Edge. We also presented some Canadian option trades at the annual summit in Las Vegas. The table below shows the results so far. The first four trades, recommended on May 12 in Las Vegas, have all been closed at… Read More

This is the third edition of “Best Ideas for Options” as a monthly feature in Canadian Edge. We also presented some Canadian option trades at the annual summit in Las Vegas. So far, so good: we’re building up a nice track record of success, and we hope some of you… Read More

Investment thesis: TransCanada Corp. (TSX:TRP, NYSE:TRP) has been on a tear over the past few months, gaining almost 50% since its December 2015 low and outperforming main rival Enbridge by a considerable margin. Some investor excitement around the stock was generated by the all-cash $13 billion takeover of Columbia Pipelines… Read More

Investment thesis: Last month we recommended that investors sell a covered call on Canadian National Railway (TSX:CNR, NYSE:CNI). We closed this position on June 21, for a profit of 38%.The company’s fundamentals as described previously have not changed, but the share price bounced back over the past few weeks. We… Read More