Monday, 1 December 2014

November Account Activity

The drastic decline of oil prices impacted the overall value of my account. My energy and energy related stocks were hit hard. It was rather unsettling to observe my 1,200 shares of Baytex Energy (which was once my largest holding) decline 13.95% in a day. My shares of Surge Energy, purchased last October through my $8 put assignment, fall as low as $4.90. As a long-term, income focused investor, I am not easily stressed over falling stock prices. My main concerns are dividend cuts and margin calls.

On Friday November 28, I woke up with $115K available margin. At market close, my available margin fell to $71,713.63. I was surprised to experience a drop of $44K in one day. If this market action continues, I will be required to close short put positions to maintain a positive margin.

In my retirement account, I bought 200 shares of AltaGas Ltd. (ALA.TO) at $44.51 per share. In addition to receiving $29.50 monthly dividends, I sold January $46 calls for .80. I currently hold 10 ALA $48 short puts. I will continue to roll them to a future expiration for a credit to avoid assignment.

Listed below is my account activity for the month of November.

DIVIDEND INCOME

Company Name         Amount of Dividend

Agellan Commercial REIT     $243.08
Bank of  Montreal                   $214.50
Baytex Energy                        $288.00
Bonterra Energy Corp            $150.00
Colgate-Palmolive                  $288.00
Emera Inc                              $437.88
General Mills                          $328.00
Inter Pipeline LTD                  $126.31
Keyera Corp                           $150.50
Leisureworld Senior Care      $225.00
Pembina Pipelines                  $162.69
Surge Energy                          $150.00

    Total Dividends            $2,763.96


OPTION PREMIUMS

The following is a list of my November option trades. The premiums listed are the amounts of cash I received after commissions.

Date        Position                  Premiums


11/03    15P    TD    Dec  $50          $226.26
11/05  -10P   CVE  Nov  $29       -$2,022.49
11/05  -10P   CVE  Nov  $30       -$3,072.49
11/05   15P   CVE  Jan/16 $28      $5,371.26
11/06   25P     PG   Jan.     $75         $333.75
11/07   10C   CPG  Apr    $42          $527.51
11/10   10P   GIS    Dec   $47.50      $177.50
11/07   10C   FTS   Apr    $40          $427.51
11/18  -10P   ALA  Nov   $48      -$3,122.49
11/18   10P   ALA  Dec    $48        $3,277.51
11/21.  -2C  BMO  Nov   $82.50    -$148.49
11/21    2C   BMO  Dec    $82.50     $313.51
11/21    1C    TD     Dec    $56         $146.76
11/21   10P   XOP   Dec    $50         $207.50
11/21   15P   PEP    Jan     $85         $226.25
11/24     2C  ALA   Jan     $46         $147.51
11/24   15P   BNS   Dec    $66         $151.26
11/24   25P  XOM  Dec    $87.50    $283.75
11/24   25P  XOM  Jan     $82.50    $384.75

         Total Option Premiums     $3,836.83


Interest Charges
Margin Interest                               $39.75
Line of Credit                                 $46.45

   Total Interest Charges          -$86.20


Total November Income              $6,514.59


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 Ltd (TSX)BMO - Bank of Montreal (TSX)
CPG - Crescent Point Energy (TSX)
CVE - Cenovus Energy (TSX)
FTS - Fortis Inc (TSX)
GIS - General Mills
PEP - Pepsico
PG - Proctor & Gamble
SBUX - Starbucks
TD - Toronto Dominion Bank (TSX)
XOM - Exxon-Mobil Corp
XOP - Oil & Gas Exploration ETF

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