As the market sharply declined, so did my available margin. It fell as low as -$22K. I made attempts to cover it, to prevent my broker from taking action.
I transferred an additional $15K into my investment account; borrowing $6K from my line of credit. I also closed a short put position for a profit. Fortunately, I was able to roll each of my in-the-money (ITM) positions to a future expiration for a credit to avoid assignment.
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
11/18/14 10P ALA $48 $3,277.51
rolled to April - $205.02 credit
11/21/14 2C BMO $82.50 $313.51
11/24/14 15P BNS $66 $151.26
rolled to Jan - $1,407.52 credit
11/10/14 10P GIS $47.50 $177.50
closed - $105.01 profit
10/20/14 4C TD $56 $197.01
11/03/14 15P TD $50 $226.26
11/21/14 1C TD $56 $146.76
10/22/14 2C TRP $38 $97.51
11/24/14 25P XOM $87.50 $283.75
11/21/14 10P XOP $50 $207.50
rolled to Jan $48 - $784.95 credit
* 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)
BNS - Bank of Nova Scotia (TSX)
GIS - General Mills
TD - Toronto Dominion Bank (TSX)
TRP - TransCanada Corp (TSX)
XOM - Exxon Mobil Corp
XOP - Oil & Gas Explorer ETF