| Implied Signal | Stock Symbol | Company | Comment Source | Program Airdate | Airdate Price | Opinions | $ Goal | Expert | Program Topic | Expert's Bias | Own or Relationship | Actions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COMMENT | ZXB-T | BMO 2015 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2011-06-15 | $15.100 | 2015 Corporate Bond Maturity ETF. Made to counter the criticism of any fund that most bond funds never mature. Gives the investor more certainty. | Hank Cunningham | FIXED INCOME | CAUTIOUSLY OPTIMISTIC | Unknown | View | |
| TOP PICK | ZXB-T | BMO 2015 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2012-09-17 | $15.180 |
Basically this has a bunch of bonds that are essentially maturing in 2015, which they roll into T-bills. It’s almost like having the actual bond but you have a little bit more diversification. |
John Hood | ETF's & OPTIONS | CAUTIOUS | Yes | View | |
| TOP PICK | ZXB-T | BMO 2015 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2012-10-26 | $15.200 |
BMO 2015 Corporate Bond Target Maturity ETF. Another category of bonds. It is not a ladder. Like a bond there is a fixed maturity date. |
John Hood | OPTIONS & ETFs | DEFENSIVE | Yes | View | |
| BUY | ZXA-T | BMO 2013 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2011-05-19 | $14.950 | This is a Bank of Montreal solution to fixed income funds with no maturity date so you don’t know what your money is going to be worth when it matures. You start out with 3 yr corporate bonds in it and as each bond matures, they buy a money market security. By the time 2013 is up you get 100% of your money back. Likes these. | Hank Cunningham | FIXED INCOME | OPTIMISTIC | Unknown | View | |
| BUY | ZXA-T | BMO 2013 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2011-06-10 | $15.010 | Prefers to ZXB because of shorter maturity dates. | John Hood | ETF's & OPTIONS | DEFENSIVE | Unknown | View | |
| COMMENT | ZXA-T | BMO 2013 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2011-06-15 | $14.980 | 2013 Corporate Bond Maturity ETF. Made to counter the criticism of any fund that most bond funds never mature. Gives the investor more certainty. | Hank Cunningham | FIXED INCOME | CAUTIOUSLY OPTIMISTIC | Unknown | View | |
| COMMENT | ZXA-T | BMO 2013 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2012-07-23 | $14.950 | For RESP or short-term investor? This is relatively new in the market. These target date ETF bonds decline in maturity as time progresses and eventually turn into money market instruments. The good thing is, you eliminate duration risk. However, if there is a large outflow or inflow into the ETF, then the ETF manager has to go and buy increasingly scarce bonds. | Vikash Jain, CFA | ETF's | CAUTIOUS | No | View | |
| BUY | ZXA-T | BMO 2013 Corporate Bond Maturity | Market Call Tonight (BNN TV) | 2012-08-02 | $14.870 |
He is overall in favour of the target maturity bond ETF's. These are specific maturities and you can buy 5 consecutive years and you will get your money back in that year specifically. A better way of putting your own ladder together in an ETF. Prefers Royal Bank’s which are little more specific while this one is more complex. |
Hank Cunningham | FIXED INCOME | BULLISH on HIGH YIELD BONDS | Unknown | View | |
| DON'T BUY | ZWU-T | BMO Covered Call Utilities ETF | Market Call (BNN TV) | 2011-12-05 | $15.030 | Covered Call Utilities ETF. Covered Call strategy is very popular these days but is getting crowded. Basically it says that if the market trades sideways and with all the volatility in the market, can you not make money off that volatility. To do this they go long the stock but write covered calls against it. You underperform if the market goes really down or goes really up. Over the next 2-3 years we should see a better equity market. | Paul Gardner, CFA | FIXED INCOME, LARGE CAP DIVIDENDS AND REITS | OPTIMISTIC | No | View | |
| BUY | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-02-03 | $15.390 | Covered Call Utilities ETF. Likes this one. What they do is right Calls against individual stocks, not against the index. He uses it for some of his smaller accounts where he can't adequately diversify among 3 or 4 different covered individual bank stocks. You have to realize that if the yield is 8%, that is not what you are going to get. | John Hood | ETF's & OPTIONS | OPTIMISTIC | Yes | View | |
| COMMENT | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-04-02 | $15.490 | Markets for the past 75 days or so have been moving sideways. If you don't believe there is a great deal of direction going forward, utilities are good way of a) minimizing volatility and b) when you lay a covered call strategy on top of that, you minimize volatility even further. This is one of the most conservative ETF's you can get. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Unknown | View | |
| DON'T BUY | ZWU-T | BMO Covered Call Utilities ETF | Market Call (BNN TV) | 2012-04-30 | $15.480 | Covered Calls seems to be the flavour of the day. There are Covered Calls on any index you want because that is what everybody wants these days. In reality, Covered Calls work extremely well in markets that are trendless. Doesn’t believe these Covered Calls will be able to maintain their dividend. See's volatile decreasing in the market. He would recommend a basket of dividend paying stocks such as iShares International Fundamental ETF (CIE-T) and iShares BRIC ETF (CBQ-T). | Michael Bowman | ETF's | OPTIMISTIC | Unknown | View | |
| BUY | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-06-19 | $14.960 | Likes this as they only write options on a portion of the portfolio. Premium on top of the dividend is typically a high dividend paying stock. This combination gives you about a 7.5%-8% return. | Richard Croft | OPTIONS & ETFs | UNKNOWN | Yes | View | |
| COMMENT | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-07-12 | $14.980 | Are covered Call ETF’s any good, will they fluctuate or be fairly steady? For many people in reasonable doses makes some sense. Doesn’t love or hate covered call ETF’s. The income that you get from covered calls is regular taxable income and taxable at your top marginal rate. If there’s a big run up, you forgo some of that gain. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Unknown | View | |
| TOP PICK | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-08-15 | $15.260 |
This is Covered Calls on utility stocks and pays a monthly income anywhere between $0.085 and $0.09 a share and that is coming to you as capital gains and/or dividends. Yield is about 7% annually. |
Richard Croft | OPTION STRATEGIES & E.T.F.S | CAUTIOUS | Yes | View | |
| PAST TOP PICK | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-10-29 | $15.190 |
(A Top Pick Aug 15/12. Up 1.63%.) |
Richard Croft | OPTION STRATEGIES & E.T.F.S | UNKNOWN | Yes | View | |
| COMMENT | ZWU-T | BMO Covered Call Utilities ETF | Market Call Tonight (BNN TV) | 2012-12-06 | $14.870 |
This would work very well for people who want a low beta portfolio. Makes a good deal of sense for a lot of people. With covered calls, you are giving away some of the upside but protecting some of the downside. Also, utilities are more conservative usually. Not against this but doesn’t always recommend it. |
John DeGoey | PERSONAL FINANCE & ETFs | UNKNOWN | Unknown | View | |
| BUY | ZWU-T | BMO Covered Call Utilities ETF | Berman's Call | 2012-12-10 | $14.970 |
Loves it. Covered Call Utility Stock ETF. Utility stocks are relatively stable and the fact that you can do a covered against them enhances the yield a couple percent a year and is a brilliant strategy. A nice stable investment and if markets dip you still get the yield. |
Larry Berman CFA, CMT, CTA | N/A | CAUTIOUS | Unknown | View | |
| DON'T BUY | ZWU-T | BMO Covered Call Utilities ETF | Market Call (BNN TV) | 2013-01-09 | $15.250 |
Very much likes Covered Calls but not in this market. Really great in a market that isn’t going anywhere, sort of a sideways trending market. If you are bullish on equities, you do not want to have any Covered Calls as it will drag down the performance of the position. Thinks markets are moving higher, so covered calls will impact your rate of return. |
Michael Bowman | CANADIAN LARGE & ETFs | BULLISH on US MARKET | Unknown | View | |
| BUY | ZWU-T | BMO Covered Call Utilities ETF | Berman's Call | 2013-03-25 | $14.840 |
6-8% dividend for next 2-3 years. Covered call strategies. Not without volatility. Likes it. |
Larry Berman CFA, CMT, CTA | N/A | CAUTIOUS | Unknown | View | |
| BUY | ZWU-T | BMO Covered Call Utilities ETF | Berman's Call | 2013-04-08 | $14.950 |
Broader based utilities. For the next few years this trades 5% on either side of $15 and generates a nice yield for you. Includes telecoms. 6-7% yield. Don’t worry too much about volatility. |
Larry Berman CFA, CMT, CTA | N/A | UNKNOWN | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-02-11 | $15.650 | Covered Call Cdn Banks ETF. Basically a Covered Call Write on bank stocks so you are buying bank stocks and getting cash flow from covered writing. Downside is if you think banks will do reasonably well, you are capping your upside. Could use this as an alternative to bonds or preferred shares. Good in your portfolio if you are looking for an income component. | Richard Croft | OPTIONS & ETFs | BEARISH | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-03-11 | $16.070 | Covered call Canadian portfolio. Very new product. Mot something he would use because he does his own covered calls. This gives people the opportunity to buy a packaged deal, making it a very good thing. They do one-month expiries and he prefers 6 months as you get better protection on the downside. Shorter-term option gives you a greater rate of return but at a higher risk. | John Hood | ETF's & OPTIONS | OPTIMISTIC | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-03-17 | $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. | Stan Wong | NORTH AMERICAN & ETFs | SELECTIVE | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-04-28 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-05-06 | $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. | John Hood | ETF's & OPTIONS | UNKNOWN | No | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-05-12 | $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. | Stan Wong | NORTH AMERICAN - LARGE & ETFs | BULLISH | Yes | View | |
| DON'T BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-06-01 | $15.430 | 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. | Terry Shaunessy | NORTH AMERICAN - LARGE & ETFs | BULLISH | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-06-03 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | UNKNOWN | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-06-10 | $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. | John Hood | ETF's & OPTIONS | DEFENSIVE | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-06-22 | $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%. | Stan Wong | NORTH AMERICAN - LARGE & ETFs | CAUTIOUSLY OPTIMISTIC | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-06-24 | $15.150 | 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. | Richard Croft | OPTIONS & ETFs | CAUTIOUS | No | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-06-30 | $15.320 | 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%. | Don Vialoux | TECHNICAL ANALYSIS | SELECTIVE | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-07-07 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | BULLISH | Yes | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-07-19 | $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. | Mike S. Newton, CIM FCSI | NORTH AMERICAN & ETFs | SELECTIVE | No | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-07-29 | $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. | John Hood | ETF's & OPTIONS | BULLISH | Unknown | View | |
| DON'T BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-08-22 | $13.560 | 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. | Jeff Parent B. Eng. FCSI | TECHNICAL ANALYSIS | CAUTIOUS | Unknown | View | |
| DON'T BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-08-24 | $14.260 | 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. | David Baskin | NORTH AMERICAN - LARGE | BULLISH | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-09-01 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | UNKNOWN | Unknown | View | |
| WEAK BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call (BNN TV) | 2011-09-13 | $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. | Mike S. Newton, CIM FCSI | NORTH AMERICAN & ETFs | CAUTIOUS | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-10-05 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-10-19 | $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. | Stan Wong | NORTH AMERICAN - LARGE & ETFs | DEFENSIVE | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call (BNN TV) | 2011-11-28 | $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. | Mike S. Newton, CIM FCSI | NORTH AMERICAN & ETFs | DEFENSIVE | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-12-20 | $13.610 | Financials have been hurt this year. Believes the strategy of the ETF is still sound. | John DeGoey | PERSONAL FINANCE & ETFs | UNKNOWN | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call (BNN TV) | 2011-12-21 | $13.640 | 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. | Richard Croft | ETF's & OPTIONS | OPTIMISTIC | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2011-12-22 | $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). | John Hood | ETF's & OPTIONS | OPTIMISTIC | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-01-23 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-02-01 | $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. | Mike S. Newton, CIM FCSI | NORTH AMERICAN & ETFs | BULLISH | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-02-27 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-02-28 | $14.370 | 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. | Prakash Hariharan | AGRICULTURE, DIVIDEND & FIXED INCOME | OPTIMISTIC | Unknown | View | |
| DON'T BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call (BNN TV) | 2012-03-08 | $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. | Mike S. Newton, CIM FCSI | NORTH AMERICAN & ETFs | OPTIMISTIC | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-03-09 | $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. | John Hood | ETF's & OPTIONS | BULLISH | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-03-28 | $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. | John Hood | ETF's & OPTIONS | CAUTIOUS | Yes | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-04-02 | $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. | John DeGoey | PERSONAL FINANCE & ETFs | OPTIMISTIC | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-04-03 | $14.580 | 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. | Mike S. Newton, CIM FCSI | NORTH AMERICAN & ETFs | CAUTIOUSLY OPTIMISTIC | Unknown | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call (BNN TV) | 2012-05-22 | $13.520 | Individual banks versus this ETF? If you have a massive portfolio, you could diversify by holding individual banks. As a smaller investor, then this ETF is probably a good way to go. It will give you the diversification and, in this particular case, you will also get the covered call. However, in a very volatile market, it may underperform relative to a plane vanilla benchmark. | Vikash Jain, CFA | ETF's | DEFENSIVE | Unknown | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-06-01 | $13.250 | Some people assume you get the quoted yield and it really isn’t what you get. There is risk on the downside because of what the underlying securities. They do them out of the money and he does them in the money himself. He uses this in smaller accounts where he doesn’t have the money to do covered calls himself. | John Hood | OPTIONS & ETFs | CAUTIOUS | Yes | View | |
| BUY | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-06-19 | $13.660 | This does not sell options against the whole portfolio of stocks. You get the dividends from the bank stocks as well as a regular option writing program on a portion of the portfolio, which should generate about 40 basis points a month. Add the dividends on top of that of about 30 basis points, which he feels is a better return than owning the banks outright. | Richard Croft | OPTIONS & ETFs | UNKNOWN | Yes | View | |
| TOP PICK | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call Tonight (BNN TV) | 2012-09-17 | $14.090 |
A very good way of having covered calls on Canadian banks. |
John Hood | ETF's & OPTIONS | CAUTIOUS | Yes | View | |
| COMMENT | ZWB-T | BMO Covered Call Cdn Banks ETF | Market Call (BNN TV) | 2012-10-17 | $14.290 |
Loves call options. Covered call options worked really well in a trendless trading range market, nothing too high and nothing too low. Equity options have a real good place in portfolios. Thinks Cdn banks are overvalued relative to US banks. At these prices, there is a real value here. More money available for dividend increases. Would prefer iUnits S&P Financial (XFN-T). |
Michael Bowman | CANADIAN LARGE & ETFs | BULLISH | Unknown | View |