Tag Archives: MFC.TO

Bought 4 MFC Jan 2010 Puts 14.00 @ 1.70, Mark $13.25

By Paul | Published: September 10, 2010
I am shorting again. This time on Manulife Financial (MFC.TO) with a January 2011 put at 14 strike price. MFC is trading at $13.25 at time of entry. Recent series of prop desk closings isn’t going to bode well for the market, particularly for the banks as they need to recouperate those easy income. On [...]
Posted in Stocks | Also tagged options, RRSP, short | Leave a comment

Sold 4 MFC 10OCT Puts 17.00 @ @1.43, Mark $16.27, Loss -0.5%

By Paul | Published: June 28, 2010
Not much is happening in the market as it is trading in a tight range.  This is not good for my options as the time delta will slowly eating away my premium.  So I’ve decided to unload this position at a small loss just now as the market is testing support across the board. The [...]
Posted in Stocks | Also tagged bad trade, exit, financial, options | 1 Comment

Bought 4 MFC 10OCT Puts 17.00 @ $1.48, Mark $16.38

By administrator | Published: June 23, 2010
The market is under pressure as illustrated by EUR/USD weakness (Figure 1).  I’m not sure which way it will go just yet.  But I am placing my bet on the bears as oil (DBO) has already cracked. I waited the whole week for a retracement to re-enter a short position.  I thought the FOMC announcement [...]
Posted in Stocks | Also tagged entry, financial, options | 1 Comment