Stock Options

Dollarama: Context on Trading the Stock vs. Options
October 06, 2017
Bullish Outlook

Dollarama: Context on Trading the Stock vs. Options

Patrick Ceresna

Dollarama has been a bright spot in the Canadian markets throughout the last year.  During the first half of the year, the share price has been working considerably higher off its $93.27 52-week low.  Recently investors were rewarded when the company released its 2nd quarter results and subsequently announced plans to buy...

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2 months ago
Options Brief – Week of August 7th
August 08, 2017
Stock Options

Options Brief – Week of August 7th

Montréal Exchange

The Canadian marijuana market is preparing for a major development: the legalization of recreational use of cannabis. While some may think that legalization will boost the Canadian economy, others believe that marijuana stocks are simply overhyped.   One of the largest Canadian marijuana stocks company, Canopy Growth...

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4 months ago
A not so TD-ous trade
July 24, 2017
Stock Options

A not so TD-ous trade

Christopher Thom

TD is an extremely well-run bank with diversification across many business lines and geographies. The share price has pulled back from its 52-week high of $71.31 set back in late February by around 8.5%. With shares hovering around the $65 mark, I want to pick up some yield or look to get long the stock at even lower prices. At...

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4 months ago
Portfolio Diversifiers
March 30, 2017
Stock Options

Portfolio Diversifiers

Richard Croft

I assume that all investors understand the value of diversification. It is all about developing a long-term portfolio strategy that will deliver performance within a tolerable level of risk. Bonds are typically used as a portfolio diversifier. The fixed rate of interest delivers critical cash flow to the portfolio to offset the...

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8 months ago
The Greeks: Delta
March 17, 2017
Concepts

The Greeks: Delta

Martin Noël

In the last few articles, we have seen that there are several variables that have an impact on the value of options. This table illustrates how an increase in one of the variables affects the values of call and put options. As you can see, with all other things being equal, when one of the variables moves, we should expect the...

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8 months ago
“Buying the Dip” on REITs
December 05, 2016
Bullish Outlook

“Buying the Dip” on REITs

Patrick Ceresna

It is incredible to have witnessed what has transpired in the month of November 2016. Trump’s victory has spurred a complete 180 degree turn in macro thinking. Some of the great macro men like Ray Dalio, Stanley Drunkenmiller and Jeffery Gundlach have discussed what is now openly believed to be a new growth and inflation...

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12 months ago
The Doubling Strategy
August 29, 2016
Stock Options

The Doubling Strategy

Richard Croft

This week, rather than looking at short term trading opportunities, we will examine a longer term strategy that is not dependent on a directional bet for the underlying stock. What it comes down to is positioning. Is this a stock you would be willing to hold longer term, what role will it play in your portfolio (i.e. risk...

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1 year ago
Capitalizing on a Valeant Effort in a Mundane Market
July 16, 2016
Bullish Outlook

Capitalizing on a Valeant Effort in a Mundane Market

Jason Ayres

I apologize for the title but I couldn’t resist. Valeant Pharmaceuticals International (TSE:VRX) continues to defy broader market complacency. The diversified pharmaceutical company has barely wavered in its price advance since August of 2014. While this trend may be getting a little long in the tooth, the question is whether...

518
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1 year ago
The Time Horizon Chasm
July 09, 2016
Neutral Outlook

The Time Horizon Chasm

Richard Croft

For the first half of 2015 global financial markets have been obsessed with short term noise. We have witnessed a succession of exacerbated reactions to on again off again negotiations with Greece, waste of time debates on the timing of a Fed rate hike or endless dissections of monthly jobs data where 20% revisions are more the...

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1 year ago
A Bombardier Covered Straddle
April 18, 2016
Stock Options

A Bombardier Covered Straddle

Richard Croft

There is little doubt that Bombardier (TSX: BBD.B, Friday’s close $1.62) is on life support. At issue is the diagnosis. Does the company follow in the footsteps of Blackberry to survive as a shadow of its former self? Or does the company collapse under a mountain of debt and litigation in much the same way as Nortel?...

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2 years ago