Monday, 18 March 2013

Strategy Changes

I am in the process of making changes to my investment strategy.

In the past, I would sell puts 8 months out or longer. Although they were not cash secured, I was prepared to borrow money to buy stocks of great companies at low prices. This style of investing would often result in having over 100 open option positions at a given time.

Recently, I began selling out-the-money puts one or two months from expiration with a higher number of contracts. I believe with my new strategy, I am assuming the same amount of risk as I had with my previous investment style. The upcoming changes will enable me to easily track and post my trades. Making fewer trades will also result in lower bank commissions.

My current open option positions are as follows:
Premiums are the amount of money I received after commissions.

Expiration - April 20, 2013

Date             Position                   Premiums
                                                    

08/20/12      1P  BTE  $42              $288.76
08/20/12      1C  BTE  $50              $233.76
03/15/13      30P CL $90                 $287.50
08/31/12      3P  CVE  $26              $331.26
08/20/12      3P  CVE  $27              $361.26
03/04/13     25P CVE $28               $208.76
01/16/13      5P  ECA  $18              $258.76
10/11/12      3P  ENB  $36              $253.26
09/05/12      3P  KEY  $40              $286.26
08/20/12      3P  KEY  $44              $436.26
10/01/12      1P  PEP  $65               $122.75
03/20/13     20P PG    $67.50          $165
08/20/12      3P  PPL  $25                $166.26
02/28/13    25P   RY  $58                $248.76
08/20/12      1P   TD  $64                $103.76
11/14//12     1P  THI  $42                  $97.76
11/30/12      3P  YUM  $55              $217.25
08/22/12      1P  XOM  $75              $213.75
02/20/13     20P XOM  $75               $245
03/06/13     20P XOP   $49               $265


Expiration - May 18, 2013

Date                 Position         Premiums

11/08/12      1P  CL     $85             $78.75
13/19/13    30P  CVE  $28            $252.51
09/24/12      5P  EMA  $30           $258.76
03/18/13    30P  PEP    $67.50      $282.50
03/11/13    25P XOM   $75           $408.74

Expiration - June 22, 2013

Date                Position            Premiums

10/22/12      1P  CNR  $70            $83.76
10/22/12      1P  MCD  $80          $224.75

Expiration - July 20, 2013

Date               Position            Premiums

11/19/12      1P  BTE  $40            $203.76
11/21/12      1C  BTE  $50              $88.76      
11/19/12      3P  CVE  $26            $271.26
11/19/12      2P  ENB  $34            $127.51
11/20/12      2P  GIS  $35             $107.50
11/19/12      1P  KEY  $40             $58.76
11/19/12      1P  PEP  $60            $106.75
11/19/12      5P  PPL  $25            $233.76
11/21/12      4C  PPL  $29            $225.01
11/19/12      1P  TD   $70             $168.76
11/19/12      1P  THI  $42             $178.76
11/19/12      1P  XOM  $75           $179.75

Expiration - August 17, 2013

Date               Position          Premiums

12/24/12      1P  CL   $85             $118.75
12/27/12      5P  EMA  $30          $208.76

Expiration - September 21, 2013

Date               Position          Premiums

01/23/13    1P  CNR  $90         $268.76
01/29/13    3P  MCD  $75        $118.26

Expiration - October 18 , 2013

Date          Position            Premiums

02/19/13    1P BTE   $40          $153.76
02/19/13    3P CVE   $26          $136.26
02/19/13    3P KEY   $48          $166.26
02/19/13    5P PPL   $27            $283.76
02/19/13    1P PEP   $65              $66.75
02/19/13    1P TD     $74              $89.70
02/19/13    1P XOM  $75            $119.75
02/20/13    3C BTE   $48             $226.26
02/20/13    3P ENB  $40               $180

Expiration - January 18, 2014

Date             Position             Premiums

12/05/11      3P  BCE  $32            $436.26
05/30/11      1P BMO  $58            $703.80
06/01/11      1P  BNS  $54            $618.80
05/23/12      1P  CL   $65              $228.75
08/04/12      1P  CNR  $66            $719.25
06/20/12      3P  CVE  $28          $1,051.26
10/12/11      1P  GIS  $40              $618.74
05/31/11      2P  HSE  $26             $537.55
06/05/12      1P  JNJ  $35                $73.75
04/24/12      6P  KO  $25               $346.25
04/19/12      3P  MCD $50             $319.25
04/17/12     10P  MFC  $8              $627.51
06/05/12      1P  PEP  $35               $68.75
06/06/22      1P  RY   $52              $578.80
05/26/11      1P  RY   $56              $638.80
06/07/12      6P SBUX $25            $642.49
12/05/11      3P  SC   $34               $661.26
09/20/11      5P  SU   $30              3,233.76
06/13/12      1P  T     $23                  $89.75
12/06/12      1P  TD  $70                $258.76
09/09/11      5P  TRP $34            $1,208.76
02/04/13      1P YUM $50               $168.75
04/26/12      1P  XOM  $60            $303.75

Expiration - January 17, 2015

Date                    Position         Premiums

10/15/12      1P  CL   $90                $708.74
08/15/12      1P  CNR $84               $958.76
06/20/12      3P  CVE  $28            $1,516.26
05/22/12      3P  ENB  $36            $1,021.26
09/26/12      3P  GIS  $30                 $511.24
05/22/12      1P  HSE  $21                $333.76
09/26/12      1P  JNJ  $60                  $428.75
11/15/12      1P  MCD $60                $283.75
09/26/12      1P  PEP  $60                 $478.74
09/26/12      5P  SBUX $30          $1,1133.73
05/24/12      3P  SLF  $19              $1,306/26
05/22/12      1P  TD   $74               $1,163.76
12/17/12      3P  TRP  $38                 $616.26
11/30/12      1P  YUM $50                $448.74
09/26/12      1P  XOM  $70               $514.74



Ticker Symbols

BMO - Bank of Montreal (TSX)
BNS - Bank of Nova Scotia (TSX)
BTE - Baytex Energy (TSX)
CL - Colgate-Palmolive
CVE - Cenovus Energy (TSX)
CNR - Canadian National Railway (TXS)
ECA - Encana Corporation (TSX)
EMA - Emera Corp (TSX)
ENB - Enbridge Inc (TSX)
GIS - General Mills
HSE - Husky Energy Inc (TSX)
KEY - Keyera Corp (TSX)
JNJ - Johnson & Johnson
KO - Coco-Cola
MCD - McDonalds Corp
MFC - Manulife Financial (TSX)
PEP - Pepsico
PPL - Pembina Pipelines (TSX)
RY - Royal Bank (TSX)
SBUX - Starbucks
SC - Shoppers Drug Mart (TSX)
SLF - Sun Life Financial (TXS)
SU - Suncor Energy (TSX)
T - AT&T
TD - Toronto Dominion Bank (TSX)
THI - Tim Hortons (TSX)
TRP - TransCanada Corp (TSX)
YUM - Yum Brands
XOM - Exxon Mobil Corporation




No comments:

Post a Comment

Note: only a member of this blog may post a comment.