Tuesday, 24 February 2015

Option Expiration - February 2015

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

Ticker Symbols

* 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

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