Stockchase Opinions

Thomas George Hut 8 Mining Corp. HUT-T TOP PICK May 14, 2018

If you can't buy the coin directly this is a very interesting leveraged play. It is one of the biggest bit coin miners out there. Two years from now the net asset value of the company could double. (Analysts’ target: $7.85).

$4.130

Stock price when the opinion was issued

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TOP PICK
Essentially an ETF that basically owns the TSX or the S&P 500. (Have a US version as well.) Will typically Buy Puts to protect the downside or will do a Covered Call. If the market crashes because of a Black Swan event, this will probably go up in value.
COMMENT
Black Swan ETF. Overlaying TSX with Put strategy to provide downside protection. Fee is relatively high. Puts erode the gains. He prefers selling options, rather than buying Puts.
DON'T BUY
Spread structure used to protect against sudden downward moves? Every year it will lose money because they are always buying “out of the money” put options. This company has some track record but it is worth while watching a little bit longer. The fees on this are incredible and there is also a performance fee.