When I placed my trades, I received a total of $3,452.30 option premiums (after commissions). As the market began to decline, my margin became very thin. On July 31, I closed my two largest positions (PG and XOM) for a profit; at a cost of $249.98 ($154.99 + $94.99).
By mid July, my YUM $72.50 short puts were in-the-money. I did not wish to take assignment to own 1,500 shares. The day before expiration, I bought to close my 15 contracts for $3,133.74 and sold 15 Sept $72.50 for $3,886.17 for a credit of $752.43.
My ten remaining positions remained open and expired worthless.
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.
Date Position Premiums
06/27/14 10P ALA $48 $727.51
07/11/14 5P CPG $42 $163.76
06/20/14 10P CVE $31 $137.51
06/20/14 10P GIS $47.50 $97.50
06/20/14 15P PEP $80 $211.25
06/02/14 20P PG $70 $305.00 closed
06/20/14 10P SBUX $67.50 $237.50
07/21/14 3C SU $46 $127.26
06/20/14 5P TGT $55 $163.75
06/20/14 10P TRP $48 $217.51
06/06/14 20P XOM $85 $285.00 closed
06/20/14 10P XOP $70 $357.50
06/20/14 15P YUM $72.50 $421.25 rolled
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary)
ALA - AltaGas Inc (TSX)
CPG - Crescent Point Energy (TSX)
CVE - Cenovus Energy (TSX)
GIS - General Mills
PEP - PepsiCo
PG - Proctor & Gamble
SU - Suncor Energy (TSX)
TGT - Target Corp
TRP - TransCanada Corp (TSX)
XOM - Exxon Mobil Corp
XOP - Oil & Gas Exploration ETF
YUM - Yum Brands