RE:RE:RE:RE:RE:Seems like a fun place to play with Options in the TSX I've gotten used to living with leverage as dividends from other stocks more than pay off my interest bill per month.
While laid off over the early new year I learned and gained myself access to options and am learning what systems of use work for me.
I've got a long CNR position of 100 shares purchanced the boring way in 2 purchases, but I'd like to hold 3-500 at some point. Playing the options game, (I sold a 2nd weekly option that expires on July 28th for anouther $160ish payout that = $152 ish share purchase price) allows me to do it much earlier with less overhead and at potentially better prices.
Also I only put Call options out for what would be way over valued prices ($180-200) with the intent they never get called away... and I've put out 3-4 different Call options out there over the past while, only one got accepted because I'm not getting that risky on loosing the shares.
This is a pretty predictable company, you know it's gonna raise the dividend 10%+ regularly and jumps and dips in a pretty stable range where you can buy when it's low in the year (like current area) and potentially sell a bit when it gets ahead of itself and then repurchase your previous position plus a few more shares when it lowers again. I'm just using the bank and a more interesting way to do it.
Also rarely does this method get discussed by peeps so I'm putting it out there for those interested or that do play a similar game.