Sunday, 25 August 2013

Open Option Positions

Although it feels like investors/traders fear a market correction, I am often bullish. I try to ignore the bleak economic scenario often portrayed by the media and other sources as I believe the worst is behind us.

I use a high amount of leverage for my option writing, thereby placing my account at risk. Because my short puts consume almost all of my available margin, a market pullback has a large impact. When my available margin was negative, I either closed several option positions at a minimal cost or I chose to take no action and no consequences had resulted (other than a phone call from my broker). I continue to use margin as a means of creating wealth.

I currently have a total of 86 open option positions (81 puts, 5 calls); an amount significantly lower than it has been since January. My goal is to decrease it to a holding of approximately 50 positions by placing fewer long-term trades.

My current positions are listed below alphabetically under their expiration date. Premiums are the amounts of money I receive after commissions.

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


Expiration - September 21, 2013

Date               Position          Premiums

07/24/13   10P   CL   $50         $117.50
01/23/13    1P  CNR  $90         $268.76
07/15/13.   2P  CNR $100        $217.51
07/24/13   3P   CVE  $29         $133.26
07/22/13   4P  EMA  $32           $85.01
08/14/13   4P  EMA  $32         $265.01
07/24/13 10P   GIS   $45           $97.50
07/18/13    8C  JNJ   $92.50     $850.22 closed
07/22/13   3P  KEY   $52         $166.26
01/29/13    3P  MCD  $75        $118.26
05/15/13   4C MCD $110         $201.00
07/22/13  10P  MCD  $85        $117.50
07/22/13  10P  PEP   $75         $177.50
07/24/13  10P   PG   $67.50     $117.50
07/31/13   1P    TD   $84           $59.76
08/01/13   3P  XOM  $87.50   $166.25 closed

Expiration - October 18 , 2013

Date          Position              Premiums

02/19/13    1P BTE   $40          $153.76
02/20/13    3C BTE   $48          $226.26
08/19/13   25P   CL    $50            208.75
08/19/13    2P CNR   $98          $277.51
02/19/13    3P CVE   $26          $136.26
0704/13    10P ECA  $17          $877.51
02/20/13    3P ENB   $40          $180.00
08/19/13   20P GIS    $41         $165.00
08/19/13  20P  JNJ    $70         $165.00
02/19/13    3P KEY   $48          $166.26
08/19 /13   3P KEY   $53          $136.26
08/14 /13 10P MCD  $80            $87.50
02/19/13    5P PPL    $27          $283.76
02/19/13    1P PEP    $65            $66.75
08/13/13  25P  PEP  $67.50      $308.75
08/13/13  25P  PG     $65          $208.75
02/19/13    1P   TD    $74            $89.70
08/13/13    2P   TD    $80            $77.51
08/21/13    5C   TD    $90         $273.76
08/13/13   25P XOM $75          $183.75
02/19/13    1P XOM  $75          $119.75
07/22/13    3C XOM  $100        $112.25

Expiration - November 16, 2013

Date           Position                  Premiums

07/18/13    6P  EMA  $30           $312.51
08//13/13   3P  XOM  $85          $592.24

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
07/29/13      8C JNJ  $95            $1,743.80
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 Inc (TSX)
ENB - Enbridge Inc (TSX)
GIS - General Mills
HSE - Husky Energy Inc (TSX)
JNJ - Johnson & Johnson
KEY - Keyera Corp (TSX)
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)
TRP - TransCanada Corp (TSX)
YUM - Yum Brands
XOM - Exxon Mobil Corporation
XOP - Oil and Gas Exploration ETF

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