Put writting
Put-Writing Strategies in the Canadian Market
Patrick Ceresna
The coronavirus crisis has caused massive sell-offs in global equity markets throughout the world. Canada has not been immune, and our benchmark large-cap S&P TSX 60 Index has lost over 36% from its February high. CHART 1 – S&P/TSX60 Source: Bloomberg A move of this magnitude from new highs to a...
Making the most of volatility in these uncertain times
Martin Noël
In our last article we discussed how to reduce the risk associated with the time-value decay of options in a directional position. Now we will take advantage of the market meltdown to discuss the implied volatility in the price of an option, how it reflects the degree of market uncertainty over future price movements in the...
Why pay more when you can PEY less?
Christopher Thom
Peyto (TSE: PEY) shares did well in 2016, rising 33.5%, as natural gas prices rose almost 64%. Natural gas accounts for 90% of Peyto’s total production volume. In my view, the shares are undervalued and could be purchased outright at this level. However, two issues arise with that idea. First, we are here to talk about...
Getting Paid to Buy XGD
Martin Noël
Underlying asset iShares S&P/TSX Global Gold Index Fund (XGD) The iShares S&P/TSX Global Gold Index ETF seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P Global Gold Index, net of expenses. The Index is comprised of constituents of the S&P/TSX Global...
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