Option Expiration - May, 2014

May expiration felt very relaxed with only five option positions.

I am focusing on paying down my margin debt quickly. April 16, I borrowed $25,900 to purchase shares of Bonterra Energy Corp (BNE.TO). Only 30 days later, I managed to reduce my amount owing to $14,970.92. In addition, I am making monthly payments of $368.05 on my $20,500 line of credit.

The following is a list of my expired option positions. Premiums are the amounts of cash I received after commissions. My option premiums are included as income in my monthly blog posts at the date the income is received.

Expiration - May 17, 2014

Date              Position           Premiums

03/05/14   10P  CL      $55      $177.50
04/14/14    5P   CPG   $42      $148.76
03/27/14   20P  JNJ     $85     $225.00
03/20/14   20P  PG     $70      $464.99
03/21/14   20P  XOM  $85      $524.99

Ticker Symbols

CL - Colgate-Palmolive
CPG - Crescent Point Energy (TSX)
PG - Proctor & Gamble
XOM - Exxon-Mobil