During the month of May, I turned the DRIP back on for Just Energy. Just Energy had been trading recently above my cost basis of $8.05 a share. I had the DRIP turned off a few months ago to keep my cost basis from increasing. On May 14, the price dropped over $2.00 a share. I which I would of sold my position at around $9.00 a share.
 | |
| Just Energy |
I sold off my position in Chorus Aviation, as I decided I did not want to hold it very long. This stock trades below $5.00 and has one major customer which is Air Canada. Air Canada, by law, must fly to certain destinations in Canada even when it doesn't make money.
I decided to try another way of making money in the markets. I contacted my broker to get approval to Level 4, which will allow me to sell options. I SOLD a RCI,B.TO June 21 2014 44 Put for $0.69/contract. I sold contract, which equals 100 shares for a premium of $58.05 after commission. You can read about this here.
In my TFSA, I acquired 1 share of Killam Properties @10.40 through DRIP. I also have a trade on in my TFSA. The bought 6 contracts of RY.TO June 21 2014 $74.00 Put for a total cost of $285.95 including commissions. I did not mention this trade in a prior post.
I have updated my portfolio spreadsheet in the tab above. The current value of the portfolio is $67784.06 as of June 3. This is an increase of 1.617 % from last month. I will gladly take this increase considering I had a major paper loss with the shares of Just Energy.
DISCLAIMER:
No comments:
Post a Comment