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

2017-09-11

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

Signal Price Bias Subject Owned
BUY $17.310 UNKNOWN NORTH AMERICAN - LARGE & ETFs Unknown

It writes puts 15-20% below current levels to harvest a 6-8% yield.  It has been at the low end of that.  The entire decline in valuation this year is about the increase in the CAD$, not because the underlying holdings have any problem.  ZPH-T is the identical holdings, but not exposed to the US$.  He likes adding US$ here.  Swap to ZPH-T if we get back to an $0.80 CAD$.

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

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