Tuesday, September 29, 2015

TD.TO - stock/option trade

I have some cash sitting around... basically earning next to nothing in my Interactive Brokers account.  When I am bored, I tend to trade more recklessly than not.  My methods are not recommended to the average investor by any means.

This is an example of what I do to try to make a few bucks.  Risking $5135.00 to make only $50 in 4 days by buying 100 shares of $TD.TO and selling a covered call.  


The only reason I can make this trade is the beauty of no assignment fees at Interactive Brokers.  My commissions were $2.50.  My net profit is $47.50 resulting 1% gain.  

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