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In my previous post, I planned to close my iShares MSCI Canada Index fund (EWC) position for a small annualised profit of about 1.6%. Since mid-March, there is sign of life for EWC and I decided to extend this trade for another month by rolling the March $27 call out to the April $27.
If exercised at next expiry, the annualised gain would be improved from 1.6% to about 2.5%. Mind you since my March $27 put has lapsed, there is no longer insurance in place. With EWC share close to $28, it is worth risking owning the shares for another 30 days.

It is similar story for my EWH position. EWH price returned to above $16 after several months lingering below it, causing me a bit of problem. If it stays above $16, the position should close in June with similar profit level as that of EWC.

I am admitting defeat for my other three positions:
Yamana Gold Inc. (AUY)
Rent-A-Center, Inc (RCII)
Chunghwa Telecom Co. Ltd. (CHT)

I am hanging on my AUY shares though. Currently it is showing over $3 loss per share, not counting over $2 gains already secured. I firmly believe gold price will eventually reflate thus reviving AUY. Assuming there is nothing wrong in AUY as a company!

The CHT and RCII positions are hopeless. I am planning to close RCII position for a loss of about $0.30 – $0.40 per share.

I will just let CHT position drift till the June expiry.

There will be adjustments and fine tuning of my covered call trades, probably concentrating more on ETF’s and less on individual companies. I will want to avoid erratic shares such as RCII which dropped $2 in one month then regained the $2 and popped $3 more in another. It was like playing hide and seek with its share price.

My Virtual Trading on Forex is still progressing. One of the Robot under test is doing quite well, another is also showing gain but has not enough trades to prove one way or other. I will discuss more about Forex trading after I plug up enough courage to trade in earnest with real money.