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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 year 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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1 year 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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1 year ago
Trading Weekly Options on Canada Goose Holdings Inc (GOOS.TO)
January 28, 2020
Neutral Outlook

Trading Weekly Options on Canada Goose Holdings Inc (GOOS.TO)

Mehra Wealth Management Group

Just as a follow up to our block trade on Canada Goose Holdings Inc (GOOS) from November 14, 2019,  the January 17, 2020 $46 strike call options have expired worthless, since the stock traded out-of-the money at market close. Effectively, we have captured the full option premium of $4.31/share and our cost is now reduced to...

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1 year 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 year 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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1 year ago
S&P/MX International Cannabis Index now live
December 19, 2019
Other

S&P/MX International Cannabis Index now live

Richard Ho

Canada has become a benchmark for the legal cannabis market and 2020 will be a pivotal year for the industry. To enable market participants from around the globe to seize new trading opportunities, MX will launch the S&P/MX International Cannabis Index Futures (SMJ) early 2020. With the ongoing progression of cannabis...

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1 year ago
Writing covered call options to profit from a period of consolidation
December 03, 2019
Bearish Outlook

Writing covered call options to profit from a period of consolidation

Martin Noël

As can be seen in the following graph, the price trend for shares in the Canadian National Railway Company (CNR) appears to have faltered. The stochastic oscillator indicator has just fallen below 75, much like it did in June 2019. At that time, the price of CNR stayed in a channel for many weeks. As long as the oscillator...

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1 year ago


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