The month of June went by very quickly. During winter months, I tend to trade from boredom; while during the warmer months, I review my investment strategy more frequently and plan my trades. Either way, I'm trading, but using a slightly different approach.
Presently, I leave the majority of my option positions open and place my new trades after they expire. I do not close positions unless I am over my margin limit or I have a bad trade and wish to cut my losses.
Recently I have been considering closing my lower value positions to add new positions to collect higher premiums. I plan to test this strategy and determine if the amount of the additional premiums I would receive will exceed the cost of the additional commissions I would pay to close.
Overall, I am pleased my investment income.
Listed below is my account activity for the month of June:
DIVIDEND INCOME
Company Name Amount of Dividend
Baytex Energy $264.00
Cenovus Energy $193.60
CN Rail $129.00
Crescent Point Energy $117.30
Enbridge Inc $180.00
Exxon Mobil $189.00
Johnson & Johnson $586.81
Keyera Corp $108.18
McDonald's Corp $308.00
Pembina Pipelines $151.47
Pepsico $227.00
RioCan REIT $167.67
Total Dividends $2,622.03
OPTION PREMIUMS
The following is a list of my June option trades.
The premiums listed are the amount of cash I received after commissions.
Date Position Premiums
06/03 8C JNJ July $90 $215.50
06/05 10P XOM July $77.50 $197.50
06/12 2P CNR July $96 $167.51
06/13 3P TD July $74 $46.26
06/17 10P JNJ Aug $70 $87.50
06/17 30P CL Aug $47.50 $402.50
06/17 20P PG Aug $65 $465.00
06/18 25P XOM Aug $70 $333.75
06/18 3C XOM Aug $97.50 $73.25
06/18 -25P XOM June $70 -$25.00
06/24 3P TD Aug $74 $121.26
06/27 1P CNR Aug $100 $173.76
Total Option Premiums $2,258.79
Total June Income: $4,880.82
Ticker Symbols
CL - Colgate-Palmolive
CNR - CN Rail (TSX)
JNJ - Johnson & Johnson
PG - Proctor & Gamble
TD - TD Bank (TSX)
XOM - Exxon Mobil Corp
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