Monday, 24 November 2014

Option Expiration - November 2014

When I logged into my account on November 5, I  was shocked to find 1,000 shares of Crescent Point Energy (CPG.TO). My 10 CPG $42 puts were assigned a few weeks prior to their expiration. I have occasionally had call options assigned early because the buyer would like to collect the dividend.This is the first time I have have experienced this scenario using puts. After receiving the shares, I sold 10 CPG April/15 $42 calls. If my shares of CPG reach $42, I will sell them. If CPG is below $42, I will generate more income by selling more calls.

After receiving CPG shares, I was eager o roll my in-the-money CVE Nov puts in the event this may reoccur. I bought to close my 10 $29 and my 10 $30 puts and sold 15 Jan/16 $28 puts. for a gain of $276.28.

I rolled several of my in-the-money option positions to a credit. The gains will be listed in my November month end blog post.

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 on the date the income is received.

Date              Position           Premiums

10/14/14  10P ALA $48     $4,877.51 rolled to Dec
10/27/14   2C  BMO $82.50   $89.51 rolled to Dec
04/24/14   3P  CL   $60         $316.25
10/07/14  10P  CPG $42    $1,437.51 assigned
09/19/14  10P CVE $29       $207.51 rolled-Jan/16
10/07/14  10P CVE $30   $3,527.51 rolled-Jan/16
06/26/14   5C EMA $36        $108.76 rolled to Feb
09/25/14   5C GEI  $38          $183.76
09/23/14  25P  PG  $75          $283.75
10/30/14   3C  PEY $32         $226.26 assigned
10/24/14  10P  SBUX $66      $137.50
09/30/14  2C  WMT $77.50   $205.50 closed
09/19/14 25P XOM $87.50.   $883.73
10/15/14 25P XOM $87.50  $7,033.60
10/06/14  5P  XOP  $59           $433.75
10/13/14  5P  XOP  $59        $2,358.70

Ticker Symbols

* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary).

ALA - AltaGas (TSX)
BMO - Bank of Montreal (TSX)
CL - Colgate-Palmolive
CPG - Crescent Point Energy
CVE - Cenovus Energy (TSX)
EMA - Emera Inc (TSX)
GEI - Gibson Energy (TSX)
PEY - Peyto Exploration (TSX)
SBUX - Starbucks
TD - Toronto Dominion Bank (TSX)
TRP - TransCanada Corp (TSX)
WMT - Wal-Mart
XOM - Exxon Mobil Corp
XOP - Oil & Gas Explorer Production ETF

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