STOCKCHASE

Covered Call Cdn Banks ETF. A great niche product for this market. This has a fairly decent yield from dividends and covered call premiums. However, you essentially are selling away a little bit of upside, extra capital gains, from the banks. He would prefer an equal weight ETF bank.

2012-04-03

BUY

14.690

Horizons Enhanced Income Financials ETF (HEF-T) or BMO Covered Call Cdn Banks ETF (ZWB-T) for a long term investment? Likes them both about equally and they are similar. Enhanced Income Financials if you feel insurance will outperform banks otherwise Covered Call Cdn Banks.

2012-04-02

BUY

14.730

Likes it. Great for do it yourselfers. Good when you only have a few 10s of thousands of dollars. A very good product.

2012-03-28

BUY

14.370

Is ok. They are selling the options out of the money and more frequently so you aren't getting the buying protection you would get if you were buying the Royal bank and selling the 6 month option. But does like it.

2012-03-09

DON'T BUY

14.390

Start to look at the straight banking ETF. Covered call ETF is selling away some of the appreciation. The straight up ETF is doing same as this one right now but will do better going forward.

2012-03-08

BUY

14.370

Prakash Hariharan

Covered Call Cdn Banks ETF. Good asset class. Not sure if this is actively managed or just 6 banks passively managed. Fundamentally looks good. Pays dividends.

2012-02-28

BUY

14.290

Covered Call Cdn Banks ETF. Caller would like to sell her 2 banks to buy this. This ETF covers the major banks and writes covered calls that are slightly out of the money going out about a month or so. This produces income no matter what the market is doing. This would be a win because you have more than 2 banks and the covered call provides a margin of safety.

2012-02-27

Comment

14.170

Covered Call Cdn Banks ETF. (Caller is 28 and is looking to hold for a long term.) This is a very safe vehicle, but won't have fast growth. Current yield is about 8%. For a 28-year-old he would prefer the Equal Weight Bank ETF (ZEB-T) and average down over time.

2012-02-01

BUY

14.560

Covered Call Cdn Banks ETF. Good way to play the financial sector in Canada. It gives you all the banks along with the enhanced income of a covered call ETF.

2012-01-23

Comment

13.850

Covered Call Cdn Banks ETF is rather appealing but right now you might just want to be long on the banks and just buy the Equal Weight Bank ETF (ZEB-T).

2011-12-22

BUY

13.640

Richard Croft

Covered Call Cdn Banks ETF. Likes this one and uses it for some of his income portfolios. Very good distribution. With this product, you are buying the banks at a pretty decent price right now. All of the distributions from the premiums are being paid out to the unit owners (also believes they are paying the dividends) so take the distribution and pretend it should be half. Take the other half and either set it aside and buy more units or use a DRIP is available.

2011-12-21

BUY

13.610

Financials have been hurt this year. Believes the strategy of the ETF is still sound.

2011-12-20

Comment

13.010

Covered Call Cdn Banks ETF. There is a little bit of cannibalization in that you have a good income coming in with the yield but are sort of eating away with the decline in the actual banking sector. If yield is not a factor, consider unleashing yourself from the covered call portion so you have exposure to actual banks. Wouldn’t do this until we are through the current banking reporting season.

2011-11-28

BUY

13.900

Should be sustainable because it is paying out call premiums and bank dividends. Great yield of 10%. If banks are going to take off, which he doesn’t think they will, then own the banks.

2011-10-19

BUY

13.630

Covered Call Cdn Banks ETF. Like everything else, it has been hurt pretty badly. It has a margin of safety because of the covered calls as well as a diversification of all Canadian banks. Now is a great time to get in.

2011-10-05

WEAK BUY

13.790

Made up of out of the money options and bring in a premium. Down about 16% but a yield of 10%. Protects bank holdings. Not a bad entry point right now, but only take a little position.

2011-09-13

BUY

14.370

Covered Call Cdn Banks ETF. Effective dividend of about 9%. If you believe financials have been beaten up this is a good one to buy. A great way to manage your risks.

2011-09-01

DON'T BUY

14.260

David Baskin

It is a complex product. Management costs are high and eat up a lot of income. You capture all of the downside of the bank stocks. But it doesn’t get the upside on the bank stocks because they are selling options on them. If you believe banks will say where they are, it would be good, but he believes banks will go up and so this ETF will not.

2011-08-24

DON'T BUY

13.560

Jeff Parent B. Eng. FCSI

Covered Call Cdn Banks ETF. Would not be buying this because it is tied to the banks. Covered call strategy is appealing because you get an income in addition to the dividends. However, that softens the blow. Good idea in a stable, rising or even a slightly declining market but not a good thing to be holding now.

2011-08-22

BUY

14.490

Covered Call Cdn Banks ETF. He would consider this as a Hold versus a Trade. He looks at Covered Calls as an opportunity for investors to get into covered calls. If your broker doesn't do covered calls, this is a good way for an investor to get in.

2011-07-29

BUY

14.990

Covered Call Cdn Banks ETF. Very much in vogue right now. You own the 6 big Canadian banks and they write covered call options against them, receiving a premium by doing so. Also takes volatility out of the banks. Yielding about 10%. If the banks go roaring up, you don't want to own this.

2011-07-19

BUY

15.270

Covered Call Cdn Banks ETF. Wants a high yield, stable, long-term investment for his TFSA. Would this qualify? Likes this one. Not all that volatile.

2011-07-07

Comment

15.320

Don Vialoux

Covered Call Cdn Banks ETF. Has only been around for a couple of months but really likes the idea and concept. They buy bank stocks and automatically right call options against them. They distribute the premiums and dividends they receive. On average you can expect a yield of 8%-10%.

2011-06-30

Comment

15.150

Richard Croft

Covered Call Cdn Banks ETF. Dividend is based on ability of Cnd banks to pay a dividend. The other part of the cash flow is from the managers selling covered calls against individual bank stocks. If banks rally, you lose out on this portion because you will lose the strike price on the call. Call option premiums in bank stocks are in the lowest quartile of all stock options. He prefers to do his own covered calls. Dividend is safe and cash flow is reasonable.

2011-06-24

BUY

15.300

Covered Call Cdn Banks ETF. If you believe that banks are going to be somewhat sideways or maybe a bit of a move upwards, this is a great ETF to own the banks while getting covered call premiums. Yield on this is 9%-10%.

2011-06-22

Comment

15.160

Covered calls return is based on volatility of the underlying stock. You can’t rely on the 10% dividend because it varies with the volatility from time to time. Do not believe the quoted yield.

2011-06-10

BUY

15.510

Covered Call Cdn Banks ETF. Good one for an RESP. You are getting the growth of the banks with additional income from covered call writing. 10% yield but this varies from month to month.

2011-06-03

DON'T BUY

15.430

Terry Shaunessy

Covered Call Cdn Banks ETF. 9.7% yield is a big number. Not a huge fan of complex ETF’s like this one. If you like covered calls, you are far better to do them yourself. If you want to stay in the ETF space, look at the S&P Financial (XFN-T) has a very active options market so you can do this yourself.

2011-06-01

BUY

15.830

Covered Call Cdn Banks ETF. Yield of around 9.5%. Yield will depend on volatility of bank stocks. Great way to pick up some good yield.

2011-05-12

BUY

15.800

Covered Call Cdn Banks ETF. On this one you are long the big banks and you get covered call writing as a strategy and you don't have to rely on an adviser to do it.

2011-05-06

Comment

15.900

As a conservative equity position it is actually pretty good. If it’s a long term hold, such as 10 years, you could be even more aggressive by using small caps and value stocks as opposed to banks.

2011-04-28

BUY

16.030

Very interesting. Came out in mid-Feb. Earns call option premiums by investing in Canadian banks and then writing the calls. If you think the banks will go slightly up then this is a great one to own. Don’t if you think banks are coming down.

2011-03-17

BUY

16.070