That's why it is important for me to create weekly income from option trading! I am focused on growing my Interactive Brokers (IB) account to set myself free from the working world. Quite the ways to go, but I am chipping away at it one month at a time!
This coming Friday, I have a few options expiring:
| Option | Position | # Days Held |
| AAPL 15MAY2015 117 P | -2 | 10 |
| DRI 15MAY2015 62.5 P | -1 | 4 |
| LMT 15MAY2015 180 P | 6 | 25 |
| LMT 15MAY2015 185 P | -6 | 25 |
| MDLZ 15MAY2015 35 P | -2 | 18 |
| XOP 15MAY2015 50 P | -2 | 7 |
| PEY.TO 15MAY2015 34 P | -1 | 4 |
If all goes my way, I will get to keep my premiums of $401.76 that I collected right from the dates I sold them at.
No major concerns, but the two trades I did recently on Monday for quick cash are starting to go sour... DRI & PEY.TO. I will either let them get assigned or roll it down when it comes to Friday. I shall see when the time comes!
Hmm, next Friday, I don't have any options expiring! Time for to scour for premiums that still have some juice in them.
PC,
ReplyDeleteDoes you trade as a corporation or an individual. If you trade so much, would CRA consider you a trader and your gains and losses are taxes 100% as income and not 50% as capital gains?
Hello thanks for dropping by!! I trade as an individual. I am a small timer trader.. Even though I trade quite a few times in a month.. The gains are not significant enough to make a blimp on CRA's radar. So I continue to trade and try to build my portfolio up! Trust me there are other traders that many times what I do.
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