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2017-01-09

Opinion for BMO US Put Write ETF. (ZPW-T)

Signal Price Bias Subject Owned
BUY $19.620 UNKNOWN NORTH AMERICAN - LARGE & ETFs Unknown

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).

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com

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