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AltaGas Ltd T.ALA

Alternate Symbol(s):  ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.


TSX:ALA - Post by User

Comment by Johnwith30yearson Nov 06, 2021 9:30am
238 Views
Post# 34095473

RE:RE:A strategy during the Waiting Game

RE:RE:A strategy during the Waiting GameHi There:

I really can't break it down in detail until tax time  as it is really complicated given open positions where you show a temporary loss on one set of options that will turn into a profit when the next set expires.  But my TD account indicates that stock and options combined I am up 65.10% in the last 12 months and 45.7% Year to date which is due of course to the nice recovery going on ...However the strategy has protected me from the downside when I do it consistently - but there are judgements involved such as one to ease off as one approaches earnings or after the stock has moved lower to not always rush to put a position of options on.  
You make much more if your option expires worthless but if that is because the stock drops then your returns only can be assumed to be real if the stock eventually returns to where it was before...so complicated.  However  one example I sold on Nov 1st an option that expires Nov 12. If I did that 26 times during the year I would make about 17.5%   enhancement over just holding the stock.  The very high YTD returns are because I kept buying more stock as ALA went down and bought and sold some at different times.  Not very clear but it gives you an idea.  I think I enhance my returns on average by over 10%.. Cheers  John
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