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
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