recent posts

Entering Options Orders and Managing Positions
October 22, 2019
Risk Management

Entering Options Orders and Managing Positions

Tony Zhang

Learning how to trade options is a process that takes time and patience. A critical part of placing your first options trade is learning how to enter an order into your brokerage account. Entering options orders can be daunting due to the many variables involved. This post highlights the procedures and best practices for...

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22 hours ago
Improving order execution efficiency
October 03, 2019
Stock Options

Improving order execution efficiency

Martin Noël

On July 27, 2007, the Montréal Exchange launched a penny trading pilot project that ended on February 26, 2016 with the implementation of a permanent program. Before the pilot project began, only options priced below $0.10 were allowed to trade with a minimum price increment of $0.01 (“penny trading”), while all other...

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3 weeks ago
October –  Educational Events
September 30, 2019
Concepts

October – Educational Events

Montréal Exchange

October 1st, 2019 Webinar: OptionsPlay – Options 101: How to Profit from Bullish and Bearish Markets Time: 4:15 p.m. Speaker: Tony Zhang Where: Online Language: English More information here.   October 15, 2019 Webinar: OptionsPlay – Entering Options Orders & Managing Positions Time: 4:15 p.m. Speaker:...

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3 weeks ago
Enhancing Equity Positions with Options
September 12, 2019
Concepts

Enhancing Equity Positions with Options

Tony Zhang

Introduction Options are typically utilized and viewed as an instrument for trading the direction of stocks and ETFs with leverage. However, they are also useful to equity investors as a way to increase the yield of a portfolio by generating income and purchase stock at a discount. Investors looking to enhance their equity...

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1 month ago
Options Insights: Increasing Yields on Equity Positions with Options
September 09, 2019
Concepts

Options Insights: Increasing Yields on Equity Positions with Options

Tony Zhang

The 12th annual Options Education Day in collaboration with the Options Industry Council (OIC) will take place in Toronto on September 14, 2019 at the Westin Harbour Castle. Seats are limited, so sign up before August 19 for the early bird pricing! To learn more: m-x.ca/oed   Want to learn more about Increasing Yields on...

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1 month ago
Covered Calls: Managing Risk Exposure and Generating Value During Volatile Times
September 06, 2019
Bearish Outlook

Covered Calls: Managing Risk Exposure and Generating Value During Volatile Times

Antonio Cabeda

Key facts on covered calls This strategy consists of writing a call that is covered by an equivalent long stock position. It represents a simple way for investors to manage their short-term risk exposure, allowing them to earn premium income (i.e. the money received from writing the calls) in return for part of the stock’s...

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2 months ago
Currency Options University – Part 3
September 03, 2019
Concepts

Currency Options University – Part 3

Patrick Ceresna

Part 3: Specifications of USX Options To summarize, in Part 1 we reviewed the macro drivers that influence a currency’s value, and in Part 2 we focused on the impact of those changes in the currency’s value on investors. The focus in Part 3 will be on understanding the specifications of Canadian USX options and how to size...

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2 months ago
Generating Income with Credit Vertical Spreads
August 29, 2019
Bearish Outlook

Generating Income with Credit Vertical Spreads

Tony Zhang

Credit spreads are a popular strategy that is used to generate income with limited risk from a modest bullish, bearish or even neutral view on a stock or ETF. Many investors are attracted to writing higher delta options because of the higher premiums, but it is important to understand the tradeoff, which is that this will risk...

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2 months ago