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no-cover
June 05, 2015
Other

Hedging Canadian Market Risks

Patrick Ceresna

In full disclosure, it is my intention to be contentious in my views as I am disappointed by the lack of diverging opinions. The Canadian economy is in trouble and it is likely to get far worse than better and it is unlikely that the passage of time will fix the problem. Here are some simple truths you must consider when...

647
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4 years ago
no-cover
May 19, 2015
Other

Understanding How to Exit before you Enter

Richard Croft

Option trading is rarely static. Cost / benefit metrics can change quickly causing one to rethink whether the initial assessment underpinning a trade is still in play. Often follow up strategies are required to either minimize losses on trades that miss the mark or up the ante on profitable positions. Ideally, follow up...

628
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4 years ago
no-cover
May 19, 2015
Other

TFSA Contribution Levels Raised

Jason Ayres

Announced late April, but effective as of January 1st 2015, Canadians are now entitled to contribute $10,000.00 to their Tax Free Savings Account on a yearly basis, up from $5,500.00 last year. As of now, it makes the total contribution limit $41,000.00. According to news sources, the Liberals are on record opposing this...

984
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4 years ago
no-cover
April 29, 2015
Other

Hedging the Canadian Economic Recovery

Patrick Ceresna

On February 24, 2015, Stephan Poloz, Governor of the Bank of Canada made the following statement: “The negative effects of lower oil prices hit the economy right away, and the various positives—more exports because of a stronger U.S. economy and a lower dollar, and more consumption spending as households spend less on...

615
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4 years ago
no-cover
April 27, 2015
Other

Optimizing Your Covered Call Strategy

Richard Croft

Like a good dance lesson, writing covered calls is a two-step process. You need to be comfortable holding the underlying stock and should be happy if the stock is sold at the strike price of the short call. Having comfort with the underlying stock leads to the next step; which option to sell? Is there an optimum option to sell,...

756
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4 years ago
no-cover
April 27, 2015
Other

Strategies for Income Investors seeking Yield

Richard Croft

Income hungry investors continue to ramp up their risk appetite in order to collect extra basis points in yield. Bonds continue to defy gravity as foreign investors flock to the safety and higher yield in North American fixed income assets. Canadian bonds have turned in strong returns as witnessed by the iShares Broad Bond...

681
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4 years ago
no-cover
April 17, 2015
Other

Hedging a Diversified Portfolio

Jason Ayres

It is an accepted reality among investors that we are living in a global economy. If you take a look at when most of the volatility in the equity markets has occurred, it is generally around a Bank of Canada (BOC), Federal Reserve Open Market Committee (FOMC) or an European Central Bank (ECB) rate announcement and subsequent...

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1
4 years ago
no-cover
March 30, 2015
Other

Have the Rail Stocks Been Derailed?

Patrick Ceresna

The past 4 years have been great for railway stocks. The boom in energy and exportation of resources since 2011 has seen revenues and profits soaring. Investors that participated in this story have been handsomely rewarded with stocks like Canadian Pacific Railway having risen 400% off of its 2011 lows. While I do not want to...

597
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4 years ago
no-cover
March 13, 2015
Other

TD Bank Long Term Call Management

Jason Ayres

Back on January 30th, I posted a blog outlining a strategy to limit your risk for a longer term bullish position on TD Bank. For full details please reference What About The Banks? I suggested that with TD shares trading at $51.00, we could purchase call options at the $52.50 strike price expiring in January 2016 for $2.99 per...

621
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4 years ago
no-cover
March 02, 2015
Other

A Eurozone Play

Richard Croft

On January 15th, the Swiss National Bank (SNB – Switzerland’s central bank) removed its’ self-imposed restrictions on the Swiss Franc. A major shift in policy shrouded in secrecy at a time when central banks had been trying to be more transparent, which many felt would have dire consequences for the Swiss economy....

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4 years ago