Viewing Expert Richard Croft | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Richard Croft , President

R.N. Croft Financial Group Inc.

Address
218 Steeles Ave East
Thornhill, ON
L3T 1A6

Contact Info
Telephone: (905) 695-7777
Toll Free: 1-877-249-2884
Fax: (905) 695-9777
Email:
Website: http://www.croftgroup.com/index.htm

Bio:

R. N. Croft Financial Group Inc. is a boutique portfolio management company, providing fully customized discretionary asset management to discriminating investors. Our investment approach combines low cost tax-efficient indexed investment strategies, with targeted active management, and sophisticated options techniques to maximize client returns at any risk level. Our portfolio processes are unique, flexible and comprehensive.

Date Signal Chart Symbol Company Opinion Price
2017-07-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We are experiencing the 3rd largest economic expansion in history, and if it goes to 2019, it will be the longest in history. The market has tripled since the financial crisis and many investors are concerned that it has gone up too far and too fast, and that there is going to be another major correction. That is making this the most unloved market that he has ever witnessed in 40 years. Feels it bodes well for the longer-term and doesn’t think it is over. It is hard for the US to do something, and not have Europe come into play, along with the rest of the world, so he is not sure there are going to be any further interest rate hikes for the rest of the year.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-07-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Obtaining “implied volatility ratings” for Canadian stocks? Implied volatility is what is used to price an option, and is based on how volatile the underlying security is. Volatile stocks command a higher option premium. The easiest way to create a list of implied volatility stocks, is to look at the most volatile stocks in the Canadian market. Gold stocks would typically be in the top quartile of volatility. You can get implied volatility numbers if you have a discount broker that provides you with a quote machine, which will, in most cases, show you the implied volatility.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-07-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

A Covered Call in a registered account. Buy back the Calls and roll them out, or just let them get called away and write another Call? He does a lot of rolling, which is usually a good thing as it means the stock is going up in value and you crossed the strike price and are going to get called away at a price a little below where it is and you want to roll up to a higher strike price. It really depends on how comfortable you are with the stock, and is it a price point where you normally would’ve sold it if you didn’t use options.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-07-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Covered Calls Comment. One thing you want to look for in a Covered Call is a good quality company that has upside potential and has enough volatility in it that the option premiums are valuable enough that it makes sense. Tech companies fill that bill on so many fronts.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-07-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

An ETF representing the US defence industry? SPDR S&P Aerospace & Defence (XAR-N), iShares Aero & Def. (ITA-) or Power Shares Aerospace & Defence (PPA-N) all do the same thing.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

How do you determine if an Option Bid/Ask is overpriced or not? If you have a very wide gap between the Bid and Ask price of the option, you may be better off avoiding the option, because you are going to have a challenge trying to exit the position later on.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
_N/A
2017-07-17 COMMENT Must be logged in to use chart AAPL-Q Apple

What Call Options would you use? The easiest way is to buy the option that is closest to the current price of the underlying stock. It is currently at $149.56, so he would look at a $150 Call. A $150 Call is the option that is considered to be “at the money”, because the Strike price is basically at where the stock price is. The “at the money” options tend to act most like an options contract, so you will get the bang on the upside and the hedge a bit on the downside. It is the most liquid option of the basket that you could look at. If you want to get a little more sophisticated, try and ascertain in your mind what kind of move you think is reasonable for the company based on your forecast for what the iPhone 8 is going to do for the company.


Price:
$149.560
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 PAST TOP PICK Must be logged in to use chart BAC-N Bank of America

(A Top Pick Dec 9/16. Up 20.4%.) Synthetic Long Position. Buy Jan 25 calls at $2.12 and Sell Jan 25 puts at $4.35. The combination of those 2 is going to act exactly like the stock is going to react. If you bought the stock, you would have to do it in US$, but by using this strategy you actually create a credit in the account and you secure it with Canadian Treasury bills.


Price:
$24.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-07-17 COMMENT Must be logged in to use chart BCE-T BCE Inc.

You recommended using Covered Calls as a Top Pick on June 15/17. What strike price specifically? There were 2 reasons for that recommendation. Had thought BCE had sold off quite a bit with a dividend yield in excess of 5%. Doesn’t think there is a lot of downside in it, and would look at writing a longer-term Call Option. He was looking at it as an income generating strategy. You want to think of the premium from the Call Option as a 5th dividend that you are receiving. At the current price of $58.25, he would go for a $60 Call Option, which gives you a little upside, and you are collecting a dividend in excess of 5%. The stock is not volatile. If able to sell a $60 Call and go out 6 to 8 months, you will probably get the equivalent of a dividend payment.


Price:
$58.250
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 COMMENT Must be logged in to use chart DIV-N Global X Super Dividend US

One of many high dividend paying ETF’s. You are buying into companies that pay good dividends with a history of increasing them. As there is a history of increasing dividends in these companies it is not a bad investment in a rising interest rate environment, as you are getting a bump-up in a yield that is inside the ETF’s anyways.


Price:
$25.280
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 COMMENT Must be logged in to use chart HBF-T Brand Leaders Plus Income

A US ETF that corresponds to this ETF? There are a number of ETF’s in the US that do covered calls. (See Top Picks.)


Price:
$8.910
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 COMMENT Must be logged in to use chart HXX-T Horizons EURO STOXX 50® Index ETF

The 50 biggest stocks in Europe, so think about it like the S&P 500 in the US. If dealing in futures, the futures contracts on indexes are higher than the risk-free rate of interest is. This means futures are trading in a negative slope.


Price:
$29.620
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 TOP PICK Must be logged in to use chart JPM-N JP Morgan Chase & Co

*Covered Call*. The company had blowout numbers. Thinks the stock is going to go through $100 before the end of the year. He did a $97.50 Call.


Price:
$91.390
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-07-17 PAST TOP PICK Must be logged in to use chart MS-N Morgan Stanley

(A Top Pick Dec 9/16. Up 12.4%.) Synthetic Long Position. Buy January 45 calls at $4.90 and Sell January 45 puts at $6.75.  At the time, this stock was $43.73 and today it is $45.17, so the stock is up 3%, but the synthetic, assuming $16 a share went into margin, he needed $15.50. A much better way to play this.


Price:
$45.330
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
No
2017-07-17 TOP PICK Must be logged in to use chart PBP-N PowerSh S&P500 BuyWrite ETF

A pure and simple Covered Call on the S&P 500 Index. You are getting dividends plus option premiums. It will be less volatile than the S&P 500. You are going to be subjected to withholding tax on the dividends. This is one you could hold for a long time.


Price:
$22.420
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
No
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