The month of April 2016 is now behind us. During the month, we say the price of WTI Crude Oil rise to approximately $45US a barrel. Although, we are not out of the woods yet, this is positive momentum for sure.
I wrote a covered call for TD with a $56.00 strike price that expired on April 15, 2016. I get to keep the premium though as I am the option seller. I also previously sold a put in QSR with a $48 dollar strike price that expired on April 15, 2016. The value of QSR stock had good upward movement has earnings were coming up.
I previously sold 3 option call contracts in XDV, the iShares Canadian Dividend Select ETF. This option was assigned on April 15.
With the options expiring worthless above, I decided to write more covered calls. On April 19, I wrote a covered call in TD.TO with a strike price of $56.00. The expiration date is May 20 and I collected a premium of $59.05 after commissions. On April 19, I also wrote a covered call in RY.To with a strike price of $80.00. The expiration date is June 17 and I collected a premium of $59.05 after commissions.
With the option assignment of XDV done, my units of the ETF were called away. I then decided to sell a put in Telus Corporation (T.TO) with a $40 strike price and May 20 expiration day. I collected a premium of $84.05 after commissions. You can read more option these trades by clicking here.
Shares Acquired Though Drip
I turned off all drips inside my brokerage accounts previously. The DRIPs are still on for the ENB and BNS held with the transfer agents. BNS paid a dividend this past week, but the amount of new shares and at what price takes a while to show up. As of right now, this information is not available.
As of May 1, the value of my portfolio stands at $86115.10. This is
an increase of 3.067%
over last month. I will
update my investing account tab above.
Disclosure: Long all mentioned securities.