Blogging my expired option positions is becoming more tedious. My 15 BNS, 5 PG, and 10 XOP puts appear to have made very large gains. Yet the growth in premiums is the result of rolling my in-the-money positions several times. For instance, my 5 PG $88 puts began as a weekly trade and have been rolled twice for a very small credit.
The past two weeks, I had not listed my expired weekly option positions. Although I enjoy blogging, I have been very busy recently. I am working extra hours; planning a vacation; filing my tax return; and transferring my holdings to a another broker. It is difficult to find time to blog as frequently and as thoroughly as I had initially planned.
in-the-money options were rolled for credits ranging from $25 to $1,607.52. Rather than rolling my Peyto Exploration PEY.TO calls, I chose to take assignment and employ those gains to place another trade. I purchased shares of Rogers Communications RCI.B. I will receive a 4.15% dividend yield plus additional income created through selling covered calls.
Generally, I'm a buy and hold investor; The above mentioned strategy is utilized in my retirement account with a goal to increase the account size. I plan to begin liquidating these funds my first year after exiting the workforce. Growing my account appears to be a no-brainer type of investment style. However, my non retirement accounts are income focused, rather than growth.
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
12/22/14 2C BMO $84 $89.51
01/14/15 15P BNS $66 $7,846.26 rolled
01/21/15 1C BNS $64 $53.76 rolled
10/27/14 5C EMA $36 $633.76 rolled
01/29/15 3C EMA $42 $$61.26 rolled
01/02/15 10P GIS $47.50 $107.50
01/14/15 1C PEY $32 $78.76 assigned
02/22/15 5C PEY $32 $558.76 assigned
12/30/14 25P PG $80 $353.75
02/13/15 5P BPG $88 $1,123.00 rolled
12/23/14 5P SBUX $70 $376.25
12/22/14 10P TD $48 $217.51
12/22/14 5C TD $57 $213.76
01/02/15 1C TD $57 $50.76
12/22/14 6C TRP $58 $414.51
12/19/14 25P XOM $75 $958.73
01/14/15 10P XOP $48 $6,977.35
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary).
BMO - Bank of Montreal (TSX)
BNS - Bank of Nova Scotia (TSX)
EMA - Emera Inc (TSX)
GIS - General Mills
PEY - Peyto Exploration (TSX)
PG -Proctor & Gamble
SBUX - Starbucks
TD - Toronto Dominion Bank (TSX)
TRP - TransCanada Corp (TSX)
XOM - Exxon Mobil Corp
XOP - oil & Gas Exploration ETF