Concepts

Currency Options University — Part 7
February 18, 2020
Concepts

Currency Options University — Part 7

Patrick Ceresna

Currency Hedging for US Dollar Investors For the past decade, Canadian investors of US dollar-based assets have had it good. No, they have had it great. Not only have American financial assets been the best performing assets in the major markets, but over that same period the value of the Canadian dollar has fallen...

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1 week ago
Currency Options University — Part 6
February 04, 2020
Concepts

Currency Options University — Part 6

Patrick Ceresna

Currency Hedging for Exporters In the previous post we examined the role that USX currency options can play in hedging a company’s import costs. In this instalment of Currency Options University, we will explore using Montréal Exchange USX currency options to mitigate the risk that Canadian exporters face when selling goods...

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3 weeks ago
Currency Options University – Part 5
February 04, 2020
Concepts

Currency Options University – Part 5

Patrick Ceresna

Currency Hedging for Importers Although USX currency options are often used by speculators interested in expressing a directional view on the USD/CAD exchange rate, they also offer an interesting opportunity for corporations that conduct business in both currencies and are interested in mitigating the exchange rate risk...

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3 weeks ago
February –  Educational Events
January 31, 2020
Concepts

February – Educational Events

Montréal Exchange

February 12, 2020 Webinar – Buying Options Time : 4:30 p.m. (ET) Speaker : OIC instructor Language: English Where : Online More information here.   February 19, 2020 Webinar – Selling Options Time : 4:30 p.m. (ET) Speaker : OIC instructor Language: English Where : Online More information here.   February...

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4 weeks ago
Hedging with Delta
January 14, 2020
Bearish Outlook

Hedging with Delta

Martin Noël

As can be seen in the following chart, the price of shares in National Bank of Canada (NA) recently peaked at $73.22, representing an increase of 21.85% in 110 days, for an annualized rate of return of 72.50%. It is unlikely that this pace of growth can be sustained over an extended period of time. In addition, there are signs...

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1 month ago
Year-End Opportunity in Cannabis Stocks?
January 07, 2020
Bullish Outlook

Year-End Opportunity in Cannabis Stocks?

Patrick Ceresna

Through 2018 and into the first quarter of 2019, Canadian marijuana companies represented one of the hottest sectors in the equities market.  However, since its March 19, 2019 high of $23.87, the Horizons Marijuana Life Science ETF (HMMJ) has been on a steady decline, and by November 19, 2019 it was down to $8.34, having lost...

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2 months ago
Currency Options University – Part 4
November 22, 2019
Concepts

Currency Options University – Part 4

Patrick Ceresna

Directional Trading with USX Currency Options Our focus in Part 4 of the series is to demonstrate how USX currency options can be used for directional trading through the direct purchase of a call or put option. Options offer investors a way to buy a long position with a defined risk (limited to the cost of the option), while...

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3 months ago
Impact of the Exchange Rate on Our Investments in the United States
November 12, 2019
Concepts

Impact of the Exchange Rate on Our Investments in the United States

Martin Noël

Given our proximity to the United States and/or for purposes of geographic diversification, many investors have investments in their portfolios that are priced in U.S. dollars. As with all investments, U.S. equities carry market risk, and it is important to carefully analyze securities so as to minimize, as much as possible,...

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4 months 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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6 months 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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6 months ago