Opinions
Larry Berman CFA, CMT, CTA
Mulvihill Canadian Bank Enhanced Yield ETF
CBNK-T
DON'T BUY
Dec 11, 2023
$6.760
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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DON'T BUY
A covered call on banks, which is similar to ZWB. The difference, however, is that Mulvihill uses leverage of 25%. He doesn't buy anything that uses leverage or margins, as there's too much risk to clients who are retired or soon to be. Nothing wrong with it as long as you're willing to accept the risk.
0
Does not expect spread to widen too much. Better names to trade due to liquidity. Would not recommend buying at this time.