Monday, 22 December 2014

Option Expiration - December, 2014

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
              expired worthless

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
                     expired worthless

11/03/14  15P  TD    $50          $226.26
                       expired worthless

11/21/14   1C   TD    $56          $146.76
                      expired worthless

10/22/14   2C  TRP    $38            $97.51
                      expired worthless

11/24/14  25P  XOM   $87.50    $283.75
                        expired worthless

11/21/14  10P   XOP   $50         $207.50
     rolled to Jan $48 - $784.95 credit

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)
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

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