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no-cover
January 01, 2021
Other

Covered Call Screener Tool

Montréal Exchange

You may have heard the covered call strategy many times in various places, such as trading articles, financial websites, investment webinars and even in ETFs. This is no surprise since a covered call strategy allows investors to generate additional income on the shares they are holding! Instead of going through all the option...

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3 years ago
Long Call Position in Barrick Gold
December 17, 2020
Bullish Outlook

Long Call Position in Barrick Gold

Patrick Ceresna

Back in August, the investing world was stunned when legendary investor Warren Buffett revealed that he had purchased shares in Barrick Gold (symbol ABX).  Up until then, Warren had been considered a “gold skeptic”.  In his 2011 letter to shareholders, Buffett wrote the following: The second major category of investments...

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3 years ago
Protective Put in Toronto Dominion Bank
December 14, 2020
Concepts

Protective Put in Toronto Dominion Bank

Patrick Ceresna

Canadian investors love bank stocks. And why not? They have been terrific investments throughout the years. Take a company like Toronto Dominion Bank (symbol TD).  It pays a dividend of $0.79 per quarter and had an indicated yield of 4.53% at the time of writing this article. In our current environment of rock-bottom interest...

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3 years ago
Your Price Is Way Too High: You Need to CUT IT
November 24, 2020
Other

Your Price Is Way Too High: You Need to CUT IT

Montréal Exchange

Consumers just don’t want to pay full price for anything. There’s always a better deal somewhere out there, or an annual sale just around the corner. As a disciplined consumer, you know how to put the items that you like on your “Wish List” and patiently wait for a sale. This approach can be applied to trading as...

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3 years ago
Covered Call on West Fraser Timber
November 20, 2020
Other

Covered Call on West Fraser Timber

Patrick Ceresna

There is nothing more Canadian than lumber stocks.  On the institutional desks, traders often refer to them as trading the “trees.”  And no stock is more iconic than West Fraser Timber (symbol WFT). During the March COVID panic, the price of West Fraser fell more than 65%, from a high of $65.11 to a low of $21.60. Chart...

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3 years ago
Considering a Long Call Position in Air Canada
November 16, 2020
Bullish Outlook

Considering a Long Call Position in Air Canada

Patrick Ceresna

The COVID crisis has been especially hard on airline stocks. The stock price of Canada’s largest airline, Air Canada, collapsed from over $50 in January to $10 in March.  Although the stock has recovered somewhat since then, when compared to other equities the bounce has been anemic. Chart 1: Air Canada (symbol AC) over past...

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3 years ago
There’s no free lunch in the market…but is there?
November 10, 2020
Other

There’s no free lunch in the market…but is there?

Montréal Exchange

“There ain’t no such thing as a free lunch.” This old adage refers to the idea that it is impossible for anyone to get something for nothing. Even if something is free, someone somewhere is paying for it. However, investors have the choice to either accept a price or not, that is why we have limit orders. Imagine if...

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3 years ago
Choosing a Call Option Strike Price to Optimize Return
October 23, 2020
Bullish Outlook

Choosing a Call Option Strike Price to Optimize Return

Martin Noël

Are you expecting the price of a security to rise, and you have a target price in mind? In this article, you will learn how to choose the right strike price to optimize your return if the security reaches your target price by the time your call option expires. Analysis of Descartes Systems Group Inc. (DSG) In this article, we...

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4 years ago


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