December was a less active month for my investment account. Although my dividend income was strong, I did not generate large option premiums. The week prior to expiration, I closed two out-the-money positions in fear of a margin call. In mid December. my margin fell to -$4,200; I chose not to cover it because the market began to grind higher. I did not receive a margin call from my broker. In the future, I will not cover unless it is -$5,000 or lower.
I will be travelling to Australia and New Zealand February 7 - March 2; therefore, I will not open large option positions prior to my vacation.
Listed below is my account activity for the month of December.
DIVIDEND INCOME
Company Name Amount of Dividend
Baytex Energy $264.00
Cenovus Energy $193.60
Crescent Point Energy $230.00
Enbridge Inc $189.00
Exxon Mobil $189.00
Johnson & Johnson $264.00
Keyera Corp $122.80
McDonald's Corp $324.00
Pembina Pipelines $157.08
RioCan REIT $172.26
Total Dividends $1,916.74
OPTION PREMIUMS
The following is a list of my December option trades.
The premiums are the amounts of cash I received after commissions.
Date Position Premiums
12/02 2P MCD Dec 6 $97 $99.50
12/03 10P CVE Jan $29 $117.51
12/05 -2P MCD Dec 6 $97 -$352.49
12/05 2P MCD Dec 27 $97 $389.50
12/06 3P XOM Dec 13 $94 $46.25
12/11 5P CNR Mar $52.50 $183.76
12/12 -25P CL Dec $50 -$66.24
12/13 -25P XOM Dec $70 -$66.24
12/16 2P JNJ Dec 27 $91 $87.50
12/20 -6P EMA Dec $30 -$137.49
12/20 6P EMA Jan $30 $192.51
12/23 10P YUM Jan $60 $97.50
12/23 5P BNS Jan $64.50 $333.76
12/23 3C CPG Jan $41.50 $64.26
12/27 -2P MCD Dec 27 $97 -$38.49
12/27 4P JNJ Jan 3 $92 $157.00
12/30 6P RY Apr $66 $342.51
Total Option Premiums $1,450.61
Total December Income: $3,367.35
Ticker Symbols
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary)
CL - Colgate-Palmolive
CNR - CN Rail (TSX)
CPG - Crescent Point Energy Corp (TSX)
EMA - Emera Inc (TSX)
ENB - Enbridge Inc (TSX)
JNJ - Johnson & Johnson
KEY - Keyera Corp (TSX)
MCD - McDonald's Corp
XOM - Exxon Mobil Corp
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