When the big drop that happened in the markets, I decided to exit my position. So on Aug 24, I placed a limit order $0.03 higher than the bid price to sell my 3 contracts. This trade took place inside my TFSA.
Initial Investment including commissions = 3*100*1.15+$12.95
Proceeds of Sale = 3*100*$.38-$12.95
Return on Investment = ($101.05-$357.95)/$357.95
|Click to Enlarge|
In full disclosure, I still own 100 shares of TD in my margin account which I owned for months now.
Disclosure: Long TD
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.