Viewing Company BMO US Put Write ETF. | StockChase
stockchase picture

Compiling comments that experts make about stocks while on public TV.

BMO US Put Write ETF. Stock Symbol: ZPW-T

Last Price Recorded: $19.0100 on 2017-02-17

Globe 5 day average
Google Discussions (view only)
yahoo discussion
Bloomberg
Date Signal Expert Opinion Price
2017-01-30 COMMENT Adam Thomas

It is priced in US$ so you have currency exposure.  Last year there was a lot of price decline due to currency fluctuation.  This ETF is not risk free.  If all the holdings in the ETF go down a lot there is a downside risk.  Liquidity is not an issue for this ETF.


Price:
$19.620
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Unknown
2017-01-26 COMMENT Mike S. Newton, CIM FCSI

This writes Calls and Puts against 40 large cap US names, and that can generate a pretty nice yield. The yield is around 7% right now. This is just playing off the volatility, but it is really not designed to move anywhere, and should stay in a trading range for a very, very long time. You have to ask, are you looking for yield or are you looking for growth. If yield, that is fine. If growth, move on to something else.


Price:
$19.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2017-01-16 DON'T BUY Larry Berman CFA, CMT, CTA

A put write strategy on a 100 of the best US companies across all economic sectors.  They have a pretty sustainable payout, but it is paid in US$.  It is not hedged.  They have filed a prospective on a hedged ETF that is similar.


Price:
$19.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-13 COMMENT Daniel Straus

Risk? An ETF that gives other investors the right to Sell its stocks. A Put writing strategy is very interesting, a little different from Covered Call writing. Put writing usually means you are holding cash, T-bills, etc. because you are on the sidelines. If the stock price goes down, you are forced to buy it at the Strike price if you are willing to own it. It is a way of collect a little bit of additional income while you have cash on the sidelines. The yield has been good, but the markets have also been good. It does expose you to a certain degree of risk.


Price:
$19.620
Subject:
ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-01-09 BUY Larry Berman CFA, CMT, CTA

It is not CAD$ hedged.  BMO has filed perspective on a bunch of new ETFs and there should be one available in the next month that is the CAD$ hedged version of this.  They net about 10% premium on the puts.  About 3% is lost due to puts being exercised so you get an extra 7% over the performance of the stocks within the ETF.  It is not risky and is exposure to the US market. (Your exposure should net a long position, if it ever got executed).


Price:
$19.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-11-21 BUY Larry Berman CFA, CMT, CTA

He loves this strategy as a low risk way to get exposure to the market.    Write a put way below the market and take in the premium.  15-20% below market.  It is diversified.  It takes in about a 10% yield.  They don’t want to own the stocks so if they end up buying them they sell and that costs 3%, making it a 7% return.  You get that yield with half the risk of the market.  Since recession is a real risk, this is a great way to hold the US market.


Price:
$19.480
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-11-14 BUY Larry Berman CFA, CMT, CTA

It looks at all great companies with good financials, but writes options on them 15-20% below market, constantly taking in option premiums and occasionally taking in the stock.  They then sell the stock.  It pays a yield of a little over 7%.  It does well when markets are flat or sideways.  It is a great diversifier in these uncertain times.  He is the biggest holder in his funds.  They are taking in a little over 10% in yield with puts offset by a little over 3% of capital loss for puts that are exercised.  He does not think it will change too much from that range.


Price:
$19.680
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-09-26 COMMENT Larry Berman CFA, CMT, CTA

He loves the strategy of just taking in premiums with options.  You could go out 6 months and write a put and then if it comes down in the next 6 months you buy it at the price you want.  You are always taking in a premium and then you own the stock at the price you want.  There is no ETF that does that strategy.  This ETF gets rid of stocks as soon as they are put to them.  In a taxable account this is income, because it is a naked write.


Price:
$19.410
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-08-15 COMMENT Larry Berman CFA, CMT, CTA

US Market ETF.  You have exposure to the US dollar.  The .U version trades in US$ on the TSX vs. ZPW-T trades in Canadian dollars.  They are identical otherwise.  They both have exposure to the US.  He is the biggest holder of the ETF in Canada. 


Price:
$19.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-06-02 COMMENT John Hood

Writes put options to generate extra income.  It is not the same as covered calls.  This is a good way to do put writes.  The risk is that if the market goes down you end up having to buy a bunch of stocks. 


Price:
$19.320
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
NEUTRAL
Owned:
Unknown
2016-05-30 BUY Larry Berman CFA, CMT, CTA

Put Write ETF taking a basket of high quality US stocks and writing naked puts.  It takes the yield from that to pay a nice yield on the ETF.  This one was his idea and he is the single largest holder of it.  It is a conservative way to get more yield.  It is a defensive holding for yield only.


Price:
$19.190
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-05-26 COMMENT Daniel Straus

Put writing is a strategy that a lot of advisors use. Instead of writing Covered Calls they write Puts, so while sitting with cash, they collect a little bit of yield. If markets decline a little, and Puts are called, they are forced to buy the stock at the strike price. This ETF is the same thing. The markets do decline, you will participate. It is not really a fixed income investment. It doesn’t protect you from the downside, but is a method of obtaining a bit of income from the market if you have a kind of range bound view, or even if you are a little bit bullish. It could be a unique way to generate yield, and also as a tax efficient way as Puts are not taxed as regular income.


Price:
$19.010
Subject:
ETF's
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 BUY Richard Croft

(Market Call Minute.) 


Price:
$18.960
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 STRONG BUY Larry Berman CFA, CMT, CTA

He has been building a big position in this one.  It is near its 52 week lows because it only came out last September.  It is based in US dollars and that has driven it recently.  30-40 high quality US companies with naked put options being written.  It is a great diversifier in a yield based portfolio with an uncorrelated return.


Price:
$18.760
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 14 of 14 entries

No Comments.


You must be logged in to comment.