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| Santa Claus of HO HO HO Enterprises |
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| HOLD | BCE Inc. | BCE-T | 23.250 | Believes that dividend is intact so look at this as an income producing strategy. Also, there are now a lot of options outstanding on it, so you could write covered Calls on it if you wanted to increase your income. Not sure he would do this just yet. | 2008-12-24 | ||
| TOP PICK | Canadian Natural Rsrcs | CNQ-T | 43.290 | Strategy: Buy this ($44.13?) and 1) Sell Aug $46 Calls @ $9.10 2) Sell Aug $46 Puts @ $10.70 for a net cost of $24.33. For selling the Call option you agree to sell the shares for $46. For selling the Put options you agree to buy more shares at $46. Only one of those options will have any value in August.If stock is above $46 your return is $46 divided by your net cost of $24.33 giving an 81% return.If stock is below $46, you have to buy another block of shares at $46. The $46 plus the $24.33 net cost, your average cost is $34.23, which is a very good investment. | 2008-12-24 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Santa wants to wish all of you a very happy holiday and great success in the new year. Santa | 2008-12-24 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks: Buy and write covered calls while electing dividends? Thinks dividends are reasonably safe. (Bank of Montreal (BMO-T) has questionable dividends of over 9.39%.) Options are trading at prices that have not been seen for many years so this is an excellent strategy for the next 3 to 6 months. | 2008-12-24 | ||
| TOP PICK | NYSE Group | NYX-N | 24.390 | Strategy: Buy this and 1) Sell June $25 Calls @ $4.70 2) Sell June 25 Puts @ $5.70 for a net cost of $14.06. For selling the Call option you agree to sell the shares for $25. For selling the Put options you agree to buy more shares at $25. Only one of those options will have any value by June.If stock goes above $25 your return is $25 divided by your net cost of $14.06 giving a 74% return.If stock drops below $25, you have to buy another block of shares at $25 and the $25 plus the $14.06 net cost gives an average cost is $19.26, which is a very good investment.Stock also has a 6% dividend. | 2008-12-24 | ||
| TOP PICK | HBP NYMEX Oil Bull+ ETF | HOU-T | 1.950 | Long-term call on oil. Thinks oil will go a little lower, so suggest that you Buy on weakness at $1.70 but you could buy at at the current level. | 2008-12-24 | ||
| BUY | HBP US 30 yr Bond Bear+ ETF | HTD-T | 12.810 | Reasonable strategy to Short US treasuries. Interest rates can’t go much lower. | 2008-12-24 |
