STOCKCHASE

44.140

Buying options. $55 strike in January and $60 in March? He is not a big believer in buying options. He only sells because when you buy the probability of making money is quite low. BIf you do, you’ll make a lot of money.) If you sell, you’ll always make money but you'll never make a fortune.

2011-12-01

DON'T BUY

Yellow Media Inc

YLO-T

0.240

This business is very broken.

2011-12-01

Comment

Yamana Gold Inc.

YRI-T

17.070

Puts? Loves this one. Buys when it is down. Super high volatility. If you like this company, this is a great way to own this stock.

2011-12-01

TOP PICK

Aetna Inc.

AET-N

41.680

December Puts. Writes every month. If he owns the stock, he writes Calls and if he doesn't own and wants to enter, he writes Puts. A US insurance company so a more conservative play and less volatile. Wrote this on Nov 28 right after expiration. Wrote it for $1.22 on a strike of $39 giving a 5% option yield (option premium/strike) on a 30 day basis.

2011-12-01

Comment

Transocean Inc.

RIG-N

43.710

You're going to get very good volatility in this name. It does look cheap and technically it might look interesting but he doesn't know what is going on and as a right now. Probably has too much debt.

2011-12-01

Comment

0.020

Options. If you write them every month and they expire on Saturday, do you wait until Monday to write a new option? If he knows he is not going to be exercised by the last hour on Friday, he will rewrite on Friday because he'd rather pick up those extra 2 days of option premiums over the weekend. If there is any question, he’ll wait and rewrite on Monday.

2011-12-01

Comment

0.020

Options. If you either don't get Put or Called or you do, do you go back to the same stock? There are a number of stocks that he likes and he can see where the earnings momentum is, and he knows what the option premiums are, he tries to write them when they are down. He won't always stick to the same name.

2011-12-01

Comment

0.020

Writing a covered call on a stock where you are underwater 10%, would you go more than one month in order to make some decent premium? Never think about getting even. If you lost 10%, you have lost 10%. Every position, think about it as though you just bought it.

2011-12-01

DON'T BUY

0.020

Natural gas? Doesn't like natural gas because there is too much of it. With all the new finds in shale gas, it is great for us because maybe we become energy independent.

2011-12-01

DON'T BUY

Philip Morris International

0.020

Writing covered calls and writing puts simultaneously on bank stocks during high volatility times such as 2009? Doesn't like this strategy because you expose yourself to a massive amount of downside risk. This means you are calling the market.

2011-12-01

PAST TOP PICK

CBS Corp

CBS-N

25.420

(A Top Pick July 20/11. Down 10%.) Sold Aug Puts for $1.05. Stock took a severe drop along with a lot of stocks. Could have bought the Put back but because of volatility, the price increased. A way to get around it is to Short the stock, which he did.

2011-12-01

WAIT

PM-N

75.690

Classic stock that everybody loves today. Conservative, a consumer staple and has a yield. Expensive, but it has a yield and everyone wants to own this kind of stock. You'll probably do fine until interest rates go up. Wouldn’t touch it here because it has been over bought and is at the top end of its channel. He guesses it will come down and then continue up.

2011-12-01

TOP PICK

Discover Financial Services LLC

DFS-N

24.040

Short December Puts. If he owns the stock, he writes Calls and if he doesn't own and wants to enter, he writes Puts. Wrote it for $1.20 on a strike of $23 giving an 8.2% option yield (option premium/strike) for the month.

2011-12-01

SELL

CF Industries Holdings Inc.

CF-N

146.980

Fertilizer company and he is not crazy about fertilizers right now as there has been some price weakness. These stocks are very volatile and if they get a whiff of declining prices they move down very quickly.

2011-12-01

DON'T BUY

Western Potash

WPX-T

1.300

Technically, the chart does not show any support. He would say it is sitting in the $.90-$1.30 channel. They are obviously waiting to find a buyer. He doesn't like names like this because it is a “what if” story. Also, the commodity is going against them.

2011-12-01

Comment

Chipotle Mexican Grill

CMG-N

323.040

Buying a Put when it reaches its high of around $347-$350 with the idea of selling it if it goes down to $320-$310. Good strategy? This is a classic earnings momentum stock. He doesn't like to buy options because by definition you could lose 100% if you're wrong. If you are going to do it, buy a longer dated option (2 month or 3 month), pay the premium and then sell it as it migrates in 1 month.

2011-12-01

PAST TOP PICK

Universal Health Services

UHS-N

40.540

(A Top Pick July 20/11. Down 5%.) Sold Aug Puts for $1.05. Stock took a severe drop along with a lot of stocks. Could have bought the Put back but because of volatility, the price increased. A way to get around it is to Short the stock, which he did.

2011-12-01

Comment

Horizons Enhanced Income Gold ETF

HEP-T

8.630

Enhanced Income Gold ETF. These are gold producers. Gold stocks have gone nowhere for quite a while. Because they are volatile writing options on them is a better strategy than owning them out right.

2011-12-01

BUY on WEAKNESS

Apple

AAPL-Q

386.900

Now is not a entry point for this stock. Currently it is very overbought. It will come back so try to buy at $352.

2011-07-20

Comment

Agrium

AGU-T

85.990

To write a covered call on this at the money of $86, a gives a caller $2.50. That is the correct way to do it and this is a stock that he does over and over again.

2011-07-20

TOP PICK

Capital One Financial Corp

COF-N

48.950

Selling August Puts for $1.05. Great earnings momentum. Looking for a 3.1% yield.

2011-07-20

BUY

ConocoPhillips

COP-N

75.110

Chart shows a strong base. They are splitting the company into 2. 3.5% yield.

2011-07-20

DON'T BUY

Goldman Sachs

GS-N

132.750

Buying Calls? He doesn't like this stock. Chart shows it is in a bear market right now.

2011-07-20

SELL

Goldcorp Inc

G-T

51.430

Probably the best large-cap gold stock in the world because it has a highest growth and highest margins. You can usually write 2.5%-3% on month on this. Wouldn't write it at this time as he expects these stocks to pullback. If you own, consider taking profits.

2011-07-20

Comment

Kirkland Lake Gold

KGI-T

16.960

Was in this when it was consolidating around $13-$14. Now that it has broken out, he has sold. There is a good chance the stock could come back and test its support level of $15.

2011-07-20

Comment

Kinross Gold

K-T

16.570

On covered calls, do you look at the dividend as well or just do the covered calls? He doesn't pay attention to the dividends. In the scheme of things, if you write a covered call at the money, you be making 3% at month. Worrying about the dividend is infinitesimal to him.

2011-07-20

BUY

Precision Drilling

PD-T

15.170

Rank very high in earnings momentum. Since April on, it has been trading in the channel of $13-$15. Currently it looks like it is getting ready to break out.

2011-07-20

PAST TOP PICK

57.550

(A Top Pick May 24/11. Up 0.54%.) Sold June $52.50 Puts for $1.96.

2011-07-20

DON'T BUY

25.260

This is a stock you have to stay away from. The business is massively under attack from both Google (GOOG-Q) and Apple (AAPL-Q). Dirt cheap, but dirt cheap stocks can be real value traps.

2011-07-20

Comment

Westjet Airlines

WJA-T

14.650

7 month call options? Doesn't encourage people to Buy options nor to hold them to expiration because of time decay. If you get a profit on it, take your money.

2011-07-20

Comment

0.020

Market. Sovereign risk is the key negative that we are going to have as investors for a very long period of time. Most of the developed world, excluding Canada and Australia, has a weak balance sheet with huge deficit problems. We’ll always have volatility but between now and when the US debt ceiling is raised, it will be exceptionally high. He continues to use options to catch volatility but is also hedging his portfolios.

2011-07-20

Comment

Encore Energy Partners LP

0.020

Copper. This is the most economically sensitive metal and has the highest correlation to industrial production globally. Demand is coming from China, India, etc. and they have not slowed down. Expects it will stay at current levels.

2011-07-20

Comment

Baidu.com

BIDU-Q

154.990

Caller bought Sept $85 Puts expecting it to go under $80 by Labour Day. Too far in price and time? Not a big believer in buying Puts or Calls. This one has great numbers so probability of it going down to $80 is very low. If you own the ports, Sell them..

2011-07-20

Comment

Silvercorp Metals Inc.

SVM-T

10.910

Caller writes covered calls. Right strategy? This is the right strategy. This one has very high premiums in it. Even if you get called away, you have made your percentage.

2011-07-20

TOP PICK

CBS Corp

CBS-N

28.740

Selling August Puts for $1.05. It is hard to find things now that are not overbought. If he doesn't get put the stock, he makes his 3.5%. If he gets but the stock, he is happy to own it.

2011-07-20

Comment

Mosaic Company (The)

MOS-N

68.960

This stock looks great right now. Very strong support at around $66-$67. Trading sideways and is not overextended. He is currently writing on this one. Has great option premiums.

2011-07-20

PAST TOP PICK

Yamana Gold Inc. (US)

AUY-N

13.210

(A Top Pick May 24/11. Down 2.6%.) Sold June $12 Puts for $0.39.

2011-07-20

PAST TOP PICK

ENP-N (Dead)

22.750

(A Top Pick May 24/11. Up 60.45%.)

2011-07-20

TOP PICK

Universal Health Services

UHS-N

51.540

Selling August Puts for $1.05. HMO’s in the US show up quite well. Volatility is not as high on this one but is on a nice upward trend line. Looking for 2.9% yield.

2011-07-20

Comment

Alcoa

AA-N

16.110

A classic earnings momentum stock. Chart shows it is forming a triple bottom. If you don’t own, write a naked Put for a month. It’s down its support and you should be willing to own the stock down here.

2011-05-24

Comment

Apple

AAPL-Q

332.190

10 Calls strike 300 for July for $71 and I’m losing. What should I do? Presume you were long Apple and Short the Calls and kept getting called out and then reversed your direction. Should continue what you were doing initially. He just wrote Apple this month and gets 2% a month just to write Calls at the money. Do not Buy options, always be a seller.

2011-05-24

DON'T BUY

Bank of America

BAC-N

11.460

Not a fan of US banks. They’re not producing earnings and this is what stocks trade on.

2011-05-24

DON'T BUY

Goldman Sachs

GS-N

136.340

Not a bank but the chart shows just how sick the US financials are. Wouldn’t touch this.

2011-05-24

TOP PICK

51.750

Sold June $52.50 Calls for $1.96 on May 23 when stock was $52.28. This stock is one of the best writers out there and he makes close to 4% a month on it.

2011-05-24

DON'T BUY

42.060

Missing earnings. Classic chart of lower lows and lower highs. Stock is in free fall. Maybe forming a base. Wait for a turn around.

2011-05-24

DON'T BUY

US Bancorp

USB-N

24.960

Stay away form US banks. They still have lots of problems.

2011-05-24

Comment

0.020

A classic traders market right now, more so in the US than in Canada. We are currently 3 years into the bull market. Years 1 and 2 was just getting all the boats top rise and now it’s about earnings and momentum. Excellent earnings momentum right now, particularly in the US. Thinks US housing will be dead for a long time, unemployment will be high for a long time and the US debt will be a mess. However, companies that are exhibiting great earnings are not in those sectors.

2011-05-24

Comment

0.020

Long Apple, IBM and CAT and considering selling Deep in the money calls as a hedge. Delta neutral is the intent down to previous support levels where he would cover and wait for a rebound. Comment? Not a bad way to protect yourself. If you get Called out, there will be tax implications.

2011-05-24

Comment

ProShare Ultra Short 20+ yr Treasury ETF

0.020

Covered Calls. Do you ever buy your calls back? The only time generally is when he is long something and the stock falls very quickly, usually in the beginning of the month.

2011-05-24

PAST TOP PICK

Netflix Inc.

NFLX-Q

247.600

(A Top Pick April 12/11. Up 4.3%.) Naked Put.

2011-05-24

PAST TOP PICK

TBT-N

33.580

(A Top Pick April 12/11. Up 2.8%.) Sold April Calls.

2011-05-24

TOP PICK

Yamana Gold Inc. (US)

AUY-N

12.350

Sold June $12 Puts for $0.39 when the stock was $12.07 giving him 3.2% for the month. If he gets Put the stock, he will be very happy to own it at this price.

2011-05-24

PAST TOP PICK

Goldcorp Inc.

GG-N

49.540

(A Top Pick April 12/11. Up 3.5%.) One-month trade. Was long and sold covered calls ($40) against it.

2011-05-24

Comment

Magna International

MGA-N

48.060

Sold a $50 Sept Put for $6.50. Now $4.50, so should I buy it back? Great trade although he would have done it for only one month. Just sit on it and if you get Put, you’ve got a great stock.

2011-05-24

TOP PICK

Encore Energy Partners LP

ENP-N (Dead)

22.390

US just had a significant correction in MLP’s (Master Limited Partnerships). A whole group of them declined about 15% with energy. This stock has a 9% yield. With the correction, a great time to Buy.

2011-05-24

DON'T BUY

American Tower

AMT-N (Dead)

49.630

Cellular towers. You would think business would be great, but stock doesn’t screen that well. Missed earnings last quarter. Doesn’t like the stock. Short term it doesn’t have enough momentum but long term it is ok.

2011-04-12

BUY

Chemtrade Logisitics Inc.

CHE.UN-T

13.500

One of the few income trusts that has 80%+ of income outside of Canada so is not affected by change in income trust rules. Longer term, this has a great yield. You’ll do fine with this. They missed earnings so he got out (his policy).

2011-04-12

BUY

Canadian Natural Rsrcs

CNQ-T

44.340

We are in a bull market for oil - period. We are just starting a new cycle. There is no reason to think it will not go to or even through its old high. As long as we have easy money. Global politics could just make it get there faster. He doesn’t have a favourite oil company.

2011-04-12

BUY

Ensign Resource Service Group

ESI-T

17.860

Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.

2011-04-12

DON'T BUY

Corning Inc

GLW-N

19.180

You would think it would be on fire because they make fiber optics amongst other things. We have a bandwidth issue. But it has not been beating earnings recently. It has been going sideways for a year. Longer term this sector should do very, very well but right now it is isn’t

2011-04-12

Comment

Manulife Financial

MFC-T

16.460

You can write calls to lower your risk.

2011-04-12

STRONG BUY

Precision Drilling

PD-T

13.190

This is the top of his list of 3000 names right now. You cannot argue with the momentum of this stock. It’s just correcting back to its trend line. Now is the time to build to a full position.

2011-04-12

PAST TOP PICK

53.990

(Top Pick Feb 17/11, 3.05% premium) Short (naked Put)

2011-04-12

BUY

51.630

Has real support about 45.50. It is almost there. There are a lot of things going on in RIM – it’s cheap, playbook just about to come out. It’s almost at a low – a great stock to own.

2011-04-12

N/A

0.020

Market: It’s just another simple correction in the bull market. It doesn’t change the trend. He is bullish on equities but not on bonds. Interest rates (treasury curve) are way too low. Thinks we will wake up and rates will jump massively and people will loose money in the fixed income securities. It will be just like 1994.

2011-04-12

Comment

0.020

Options: He is a writer (seller). If you buy a lottery ticket, you don’t assume you will win, but if you do you will make a lot. This is like buying options. Selling options is like running the lottery, You keep selling them for a small amount (he sells for one month and gets 3% average). 3% every month for a year is a lot of return.

2011-04-12

Comment

ProShare Ultra Short 20+ yr Treasury ETF

0.020

Yield Investments: For the last two years the easiest trade was to buy ANYTHING with a yield. The spread between treasuries and securities was very wide. That easy money has already been made. All you should expect going forward is the yield, no appreciation. Going forward we will be talking about REAL rates of return, given increasing inflation.

2011-04-12

TOP PICK

Netflix Inc.

NFLX-Q

233.920

Naked put, yield 4.3% premium. Stock went up so be wont be put the stock.

2011-04-12

PAST TOP PICK

Canexus Corp

CUS-T

7.400

(Top Pick Feb 17/11, Up 3%) It was just a long buy.

2011-04-12

SELL

Pine Tree Capital Ltd.

PNP-T

3.490

A Warrant is a very long dated option. Whatever you paid for it, sell that amount of capital (take profits).

2011-04-12

WAIT

Denison Mines Corp

DML-T

2.160

Uranium play. Uranium was in a bull market until Japan’s earthquake. Longer term we know nuclear is the way to go. To have something that bad happen that close to a major city and almost no one has died, it is a positive thing. Eventually, say a year, it will go up.

2011-04-12

TOP PICK

TBT-N

38.090

Wants to try to protect himself from interest rates. It is the inverse of the 20-year bond in the US. If interest rates go up it goes up. He is long TBT, writing options on TBT to get the options premium. 2.9% option premium. Option expiration is this Saturday.

2011-04-12

TOP PICK

Goldcorp Inc.

GG-N

52.940

(Top Pick Feb 17/11, 2.8% Premium) One-month trade. Was long GG-N, sold covered calls ($40) against it. $1.32 premium. This time: Naked put write. $47.50 naked put, with the cash sitting there. $1.67 premium. Stock went up so he wont be put the stock.

2011-04-12

BUY

Allana Potash Corp

AAA-T

1.890

This is not like trading potash itself. Whenever you invest in a junior, it’s about how much money you enter with, say 2% position. Buy some now because if it goes, it will go big. Just buy a little bit.

2011-04-12

BUY

Alcoa

AA-N

17.520

On a tear. Earnings were quite good. Stock is going higher.

2011-02-17

BUY

Agrium

AGU-T

95.700

Likes fertilizers very much in a bull market. Supply of fertilizers is quite low.

2011-02-17

PAST TOP PICK

Goldcorp Inc

G-T

44.100

(A Top Pick Jan 14/11. Down 7.64%.) Sell January Puts strike of $45 for $1.32. Although he lost on the Puts, he got the stock at a price he was very happy with.

2011-02-17

DON'T BUY

Kinross Gold

K-T

16.370

Just missed their numbers, which is not good. Should be delivering earnings at these gold prices. Wants companies to make their numbers before owning them. Have a nice strong base at around $15.50, which is not bad. You could make money on this if it reaches old highs. He’s been writing options on this.

2011-02-17

BUY

Pan American Silver

PAA-T

34.950

Bullish on silver. One of the key reasons why base metals are going up is the sovereign debt issues and the printing of money both in the US and Europe. Good entry point. Stock had a correction and has formed a nice base.

2011-02-17

PAST TOP PICK

61.440

(A Top Pick Jan 14/11. Up 3.2%.) Sell January Calls with a strike of $145 for $3.95.

2011-02-17

TOP PICK

61.440

Short February Puts. Last month he got called Potash so he doesn’t own it any more. But he likes Potash so he writes Puts and can Sell naked puts at $160 for $4.95 and makes 3% for the month.

2011-02-17

BUY on WEAKNESS

Sherritt International Corp.

68.660

Earnings are heading up. Chart shows the stock is in an upward band but would wait for it to drop to the lower level ($62?). This is one where he writes options all along because the premiums are always volatile.

2011-02-17

HOLD

S-T

9.490

Nickel, oil/gas and some other businesses. Beautiful trend line. Chart indicates it has a lot of room to run.

2011-02-17

BUY

Teck Resources Ltd. (B)

TCK.B-T

55.870

Missed their earnings but only because they didn’t sell their entire inventory in the quarter so ended up with excess inventory. This is a great entry point. Coal and copper are still very strong.

2011-02-17

BUY

TSX Group

X-T

40.480

A great looking chart showing a strong up trend.

2011-02-17

BUY

Canaccord Financial Inc

CF-T

15.940

Just announced some great earnings. Very strong chart. Volumes, which are very important for this company, are very, very high. Expect it will go quite a bit higher.

2011-02-17

TOP PICK

Centerra Gold Inc

CG-T

18.070

Long on this stock and Sell the February Calls options for $1.10. He gets $2.77 yield for the options for less than a month. He makes 4% and they expire on Saturday.

2011-02-17

BUY

Grande Cache Coal Corp.

GCE-T

9.610

Torrential rains in Australia have been pushing coal prices. Likes this company and coal. Stock price is moving sideways and is probably getting ready to move back up again.

2011-02-17

Comment

0.020

Gold. Continues to be bullish. Just had a pull back. Technicians will say it had a triple top but the reality is that gold has been in a Bull market for 10 years. Good buying opportunity on a lot of gold stocks.

2011-02-17

Comment

0.020

Copper. Probably the most widely used, diverse commodity globally. If it is going up, this indicates bullishness for the economy. He would play this through stocks.

2011-02-17

Comment