Viewing Company BMO US Put Write Hedged to CAD | StockChase
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BMO US Put Write Hedged to CAD Stock Symbol: ZPH-T

Last Price Recorded: $19.7500 on 2017-06-27

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Date Signal Expert Opinion Price
2017-05-08 BUY Larry Berman CFA, CMT, CTA

ZPW-T vs. ZPH-T.  ZPH-T is hedged against currency risk.  The cost of hedging is the differential in the cost of writing the forward contract.  He is fully hedged on all portfolios.  The CAD$ may go back to $.80.  If markets sell off and contracts come into the money they may get taken out.   A 20% down for the market will cause many of their stocks to come down into the money.


Price:
$19.900
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 COMMENT Larry Berman CFA, CMT, CTA

ZPW-T vs. ZPH-T. You have 100% equity exposure even though they are miss-classified on many trading platforms that look at what is in them.  They are writing options.  The fixed income holing is just there for margin purposes.  It is a treasury bill so there is no risk to it.  These are not fixed income. 


Price:
$20.060
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 BUY Larry Berman CFA, CMT, CTA

Low Risk ETF with a Monthly Dividend.  It yields 6-7% a year.  It hedges the currency.  There is not a lot of price movement up and down.  It is not risk free, however.  It will go down half as fast as the market in a rapidly declining market.


Price:
$19.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-03-20 COMMENT Larry Berman CFA, CMT, CTA

ZPH-T or ZPW-T? He likes them both. When he thinks the CDN$ is going to get weaker, $.02, $.03, $.04, he wants ZPW. When he thinks the Cdn$ may get stronger, then he wants this one and wants to hedge the currency risk.


Price:
$19.980
Subject:
STOCKS & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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