May was a very busy, exciting, and profitable month! I made fewer trades with larger option premiums.
My workplace has been too busy to allow me time to trade weekly options. Although I make trades at work from my iPhone, I have been working many night shifts recently and trying to sleep during market hours.
My debt repayment is quicker than I had expected. I plan to have my remaining $13,586.84 margin debt paid by the end of 2014; and my $20,170.57 line of credit paid by mid 2015.
I expect June to be a much quieter month with fewer trades and less debt repayment.
Listed below is my account activity for the month of May.
Company Name Amount of Dividend
Agellan Commercial REIT $233.07
Baytex Energy $264.00
Bonterra Energy Corp $145.00
Crescent Point Energy $69.00
Emera Inc $507.50
General Mills $328.00
Inter Pipeline LTD $124.06
Keyera Corp $123.20
Leisureworld Senior Care $225.00
NW Healthcare REIT $139.87
Pembina Pipelines $157.08
RioCan REIT $100.35
Total Dividends $2,632.13
The following is a list of my May option trades. The premiums listed are the amounts of cash I received after commissions.
Date Position Premiums
05/02 10P CVE June $30 $157.51
05/02 5P JNJ May 9 $97 $88.75
05/05 5P CPG June $42 $83.76
05/05 20P GIS July $47 $305.00
05/07 5P TGT June. $55 $358.75
05/09 20P PG July $72.50 $305.00
05/14 5P CPG July $42 $208.76
05/16 5P CVE Jan/17 $29 $1,483.76
05/16 5P ENB Jan/17 $48 $2,058.76
05/16 5P FTS Jan/17 $29 $883.76
05/16 3P TD Jan/17 $48 $1,366.26
05/19 15P XOM July $90 $256.25
05/20 5P TGT Oct $52.50 $568.74
05/27 10P CVE July $30 $297.51
Total Option Premiums $8,422.57
Margin Interest $58.43
Line of Credit $38.62
Total Interest Charges -$97.05
Total May Income $10,957.65
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary).
CPG - Crescent Point Energy (TSX)
CVE - Cenovus Energy (TSX)
ENB - Enbridge Inc (TSX)
TTS - Fortis Inc (TSX)
GIS - General Mills
JNJ - Johnson & Johnson
PG - Proctor & Gamble
TD - TD Bank (TSX)
TGT - Target Corp
XOM - Exxon-Mobil Corp