Tuesday, 25 June 2013

Open Option Positions

Recently, I began to focus more on creating short-term income through option premiums, rather than selling longer duration puts to obtain shares of quality companies on a pullback. I changed my strategy for two reasons: 1) to avoid obtaining an extremely high number of shares in the event of a long-term down market (fortunately that scenario did not occur) 2) there is a high risk of receiving too many shares of a particular company in a downward trend  (for example Baytex Energy). With my new strategy, I plan to roll my larger positions and to take assignment of my smaller ones.

I report my total gains and losses incurred through option trading in my blog posts each month of my account activity.

I currently have a total of 86 open option positions (81 puts, 5 calls). They are listed below alphabetically under their expiration date.

Premiums are the amount of money I receive after commissions.


Expiration - July 20, 2013

Date               Position              Premiums

11/19/12      1P  BTE  $40           $203.76
11/21/12      1C  BTE  $50            $88.76
05/21/13    30P  CL   $47.50       $402.49
06/12/13      2P  CNR $96           $167.51
11/19/12      3P  CVE  $26           $271.26
04/17/13     10P ECA  $18           $767.51
11/19/12      2P  ENB  $34           $127.51
11/20/12      2P  GIS   $35           $107.50
05/17/13    25P GIS   $42            $233.75
06/03/13      8C  JNJ   $90           $215.50
11/19/12      1P  KEY  $40            $58.76
11/19/12      1P  PEP  $60           $106.75
05/17/13    25P PEP  $70            $283.75
05/07/13     10P PG    $65           $177.50
11/19/12      5P  PPL  $25            $233.76
11/21/12      4C  PPL  $29            $225.01 Assigned
11/19/12      1P  TD   $70             $168.76
06/13/13      3P  TD   $74               $46.26
11/19/12      1P  THI  $42             $178.76
11/19/12      1P  XOM  $75           $179.75
06/05/13    10P XOM $77.50        $197.50

Expiration - August 17, 2013

Date               Position           Premiums

12/24/12      2P  CL   $42.50       $118.75
06/17/13      30P  CL  $47.50      $402.50
06/27/13      1P  CNR  $100        $173.76
12/27/12      5P  EMA  $30          $208.76
06/17/13     10P JNJ    $70            $87.50
06/17/13     20P  PG   $65           $465.00
06/24/13       3P   TD  $74           $121.26      
06/18/13     25P XOM $70          $333.75
06/18/13      3C XOM $97.50        $73.25

Expiration - September 21, 2013

Date               Position          Premiums

01/23/13    1P  CNR  $90         $268.76
01/29/13    3P  MCD  $75        $118.26
05/15/13   4C MCD $110         $201.00

Expiration - October 18 , 2013

Date          Position              Premiums

02/19/13    1P BTE   $40          $153.76
02/20/13    3C BTE   $48          $226.26
02/19/13    3P CVE   $26          $136.26
02/20/13    3P ENB  $40           $180.00
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

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      2P  CL   $32.50         $228.75
08/04/12      1P  CNR  $66            $719.25
06/20/12      3P  CVE  $28          $1,051.26
04/19/13      3P  ENB $36             $121.26
10/12/11      1P  GIS  $40              $618.74
05/31/11      2P  HSE  $26             $537.55
06/05/12      1P  JNJ  $35                $73.75
05/23/13      3P KEY $58              $616.26
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
02/10/12      1P  PEP  $50              $278.75
05/31/13      4P  PPL  $30              $365.01    
06/06/12      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      2P  CL   $45                $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            $1,133.73
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


Expiration - January 16, 2016

Date                    Position           Premiums

05/21/13      3P  CVE $28           $1,231.26
05/21/13      2P  ENB $44               $717.51
05/21/13      1P   TD  $78                $918.76


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
XOP - Oil and Gas Exploration ETF

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