The Put Backspread Hedge
The Canadian market has continued to complacently forge ahead. Overall we have seen little progress higher throughout March as the international geopolitical circumstances in Cyprus and Korea have started to slowly taper investor enthusiasm. In past blogs, the current state of the implied volatility priced into index options...
To Hedge or Not To Hedge
The global stock markets have been kind to investors over the last 3 months as many international markets are up 2-10% in the first quarter alone. But not every investor can share in the celebration. When looking at the average investment portfolio for a Canadian, it has been a mixed picture. This is because the average...
Investors Fret over SNC–Lavalin
SNC-Lavalin has once again made headlines as scandals with the Montreal’s new megahospital remain unresolved. The news certainly has contributed to SNC-Lavalin’s recent price weakness. Investors fear that if the plot to rig the megahospital contract in SNC’s favor is true, the company would face penalties and material...
Catching Falling Knives
No sector has experienced more pessimism over the last year than the gold mining sector. This has left intelligent investors feeling like deer in headlights. Gold bulls will sight countless reasons as to why gold should be at $2,500 and why gold mining companies should be flourishing. Yet central banks around the world continue...
Royal Opportunity
Investors that have been heavily invested in Canadian banks have not been disappointed. Recently Royal Bank (TSX: RY) announced stellar earnings of more than $2 billion dollars. This was surprising to some skeptics as there are clear economic statistics suggesting a slowing in real estate and the Canadian economy as a whole....
What to do about BlackBerry?
First off it was a pleasure me meet with many of you at the Toronto Options Education Day this past Saturday. I spoke on the topic of Options as a Portfolio Management Tool. The video will be available in March on the www.m-x.tv Montreal Exchange educational site. After speaking, I was approached by a number of attendees all...
Suncor Got You Down? How About Getting Paid to Wait?
Wednesday (Feb 6, 2013) Suncor (SU) announced that they were writing off $1.5-billion in its Voyageur oil sands upgrader. For those not familiar with the Oil Sands story, the Voyageur upgrader stood as a key part of Suncor’s growth plans to convert the heavy bitumen oil to the higher priced light crude oil. You can read the...
Should you Sell your Canadian Banks?
Yesterday I had one of our lifetime members of Learn to Trade Global walk into my office with a printed article from the Globe and Mail discussing the Moody’s downgrade on Canadian Banks. He was very concerned and asked me a good question, should he sell his large position in Scotiabank? In particular, he was concerned about...
Is Barrick Gold an Opportunity?
This morning, in the Financial Post’s Business Insider editorial they featured forecasts on the 14 major commodities and how the will do over the next two years. While many of those commodities were referenced as being in high inventory and excess supply, one commodity stood out. They suggested that gold is still a good...
Patrick Ceresna
Derivatives Market Specialist
Big Picture Trading Inc.
111 posts
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