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
DIVIDEND INCOME
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
OPTION PREMIUMS
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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