Monday, 31 March 2014

March Account Activity

March was a very active month for my investments and for my own life as well. As a result of a significant layoff at my workplace, I have been working longer hours. My hourly wage is high, but there is no job security in my department.

I am in the process of completing my tax return. After calculating my income from option premiums, I realise I am trading too frequently. I enjoy the big profits generated from put selling, but it is the result of margin risk. I do not need to use leverage to build my account and receive a monthly income.

I was very amazed at the amount of my March income. I checked my numbers several times to be 100% certain I did not make any errors. In January, I neglected to include a 10X CL put sell for $77.50. Another reason to make fewer trades; a careless mistake has the potential of becoming costly.

My future plan is to place a few fairly large trades each month.

I have made a few recent changes to my holdings. I will post them at future date.

Listed below is my account activity for the month of March


Company Name         Amount of Dividend

Agellan Commercial REIT  $166.16
Baytex Energy                     $264.00
BP                                         $285.00
Cenovus Energy                   $212.96
Crescent Point Energy          $186.07
Enbridge Inc                          $189.00
Inter Pipeline Ltd                   $108.36
Johnson &Johnson                $330.00
Keyera Corp                          $122.80
McDonald's Corp                  $324.00
NW Healthcare REIT            $138.01
Pembina Pipelines                $157.08
RioCan REIT                          $99.64
Exxon Mobil Corp                 $189.00

    Total Dividends     $2,772.08


The following is a list of my March option trades.
The premiums are the amounts of cash I received after commissions.

Date        Position                 Premiums

03/04  25P  XOM   Apr   $85       $408.75
03/05  10P  CL       May  $55       $177.50
03/05  10P  JNJ      Apr   $80         $77.50
03/05  10P  KO      Apr   $36        $147.50
03/06  10P  PG       Apr   $80       $117.50
03/06  10P  SBUX Apr   $62.50   $127.50
03/07   4P   JNJ   Mar 14  $92        $85.00
03/11   5P   CVE   July    $27        $163.76
03/11   5P   ENB   July    $44        $143.76
03/11   5P   KEY   July    $58        $183.76
03/11   3P   TD    Jan/15  $45        $211.26
03/12   5P   CVE   Oct     $26        $308.76
03/12   5P   ENB   Oct     $42        $153.76
03/12   5P   IPL     Oct     $27        $358.76
03/12   3P   KEY   Oct    $62         $631.26
03/12   3P   PPL    Oct    $36         $226.26
03/12   3P   TD     Oct    $46          $154.26
03/14   4P   JNJ Mar 28  $92         $209.00
03/20  20P  PG     May   $70         $464.99
03/21  20P XOM  May   $85         $524.99
03/27  20P  JNJ    May   $85         $225.00

     Total Option Premiums   $5,100.84

Interest Charges on Margin     -$50.07       

Total March Income:      $7,822.85

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
CVE - Cenovus Energy (TSX)
ENB - Enbridge Inc (TSX)
JNJ - Johnson & Johnson
KEY - Keyera Corp (TSX)
KO - Coca-Cola Co.
PG - Proctor & Gamble
PPL - Pembina Pipelines (TSX)
SBUX - Starbux
TD - Toronto Dominion Bank (TSX)
XOM - Exxon Mobil Corp

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