BMO US Put Write Hedged to CAD

ZPH-T

Analysis and Opinions about ZPH-T

Signal
Opinion
Expert
COMMENT
COMMENT
July 22, 2019
ZPH and ZPW in a recession? He was a big fan of these put-write strategies--to write puts on the best companies on the market--when they launched, but they have since failed to execute this plan. He still holds these for the yields, though, because it provides an alternative source of yield. In a recession, it depends on how fast the markets go down. There is an embedded protection in these ETFs, giving you only half the downside. With these, you place a put, but don't own the companies, but rather harvest the yield off the option premium.
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ZPH and ZPW in a recession? He was a big fan of these put-write strategies--to write puts on the best companies on the market--when they launched, but they have since failed to execute this plan. He still holds these for the yields, though, because it provides an alternative source of yield. In a recession, it depends on how fast the markets go down. There is an embedded protection in these ETFs, giving you only half the downside. With these, you place a put, but don't own the companies, but rather harvest the yield off the option premium.
COMMENT
COMMENT
June 3, 2019
The idea is that you are giving the right to sell the stock at a price higher than what is selling. If the market turns you are going to be clobbered. The same as in a covered call. Interesting yield play as long as you understand the risk.
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The idea is that you are giving the right to sell the stock at a price higher than what is selling. If the market turns you are going to be clobbered. The same as in a covered call. Interesting yield play as long as you understand the risk.
COMMENT
COMMENT
May 6, 2019
ZPH-T vs. ZPW-T. When the view is that the CAD$ is going to get weaker you don’t want to be hedged. If it is going to be stronger, then you want currency hedged.
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ZPH-T vs. ZPW-T. When the view is that the CAD$ is going to get weaker you don’t want to be hedged. If it is going to be stronger, then you want currency hedged.
HOLD
HOLD
December 11, 2017

It contains some of the best quality companies in the US. BMO write puts 15-20% below the market price. They generate additional income from the puts. Every month if the markets don’t fall to those prices, then they harvest the income on those puts. BMO does not want to own the stocks so if necessary they buy the option and re-write the put. He expects 6-7% from it. If it is not working out the way you hoped, pricewise, then you have to ask if you can take the asset and put it somewhere else. This ETF won’t grow in price.

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It contains some of the best quality companies in the US. BMO write puts 15-20% below the market price. They generate additional income from the puts. Every month if the markets don’t fall to those prices, then they harvest the income on those puts. BMO does not want to own the stocks so if necessary they buy the option and re-write the put. He expects 6-7% from it. If it is not working out the way you hoped, pricewise, then you have to ask if you can take the asset and put it somewhere else. This ETF won’t grow in price.

COMMENT
COMMENT
October 2, 2017

ZWE-T vs. ZPH-T. ZPH-T is the put write strategy. If we have an acute sell off, both will lose a little money. If you are branching outside of Canada, there is no dividend tax credit, but put write gives additional income. He recommends having a bit of both in order to diversify. Europe is a bit more attractive over the next couple of years.

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ZWE-T vs. ZPH-T. ZPH-T is the put write strategy. If we have an acute sell off, both will lose a little money. If you are branching outside of Canada, there is no dividend tax credit, but put write gives additional income. He recommends having a bit of both in order to diversify. Europe is a bit more attractive over the next couple of years.

BUY
BUY
May 8, 2017

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.

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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.

COMMENT
COMMENT
April 24, 2017

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.

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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.

BUY
BUY
April 10, 2017

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.

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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.

COMMENT
COMMENT
March 20, 2017

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.

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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.

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BMO US Put Write Hedged to CAD(ZPH-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for BMO US Put Write Hedged to CAD is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO US Put Write Hedged to CAD(ZPH-T) Frequently Asked Questions

What is BMO US Put Write Hedged to CAD stock symbol?

BMO US Put Write Hedged to CAD is a Canadian stock, trading under the symbol ZPH-T on the Toronto Stock Exchange (ZPH-CT). It is usually referred to as TSX:ZPH or ZPH-T

Is BMO US Put Write Hedged to CAD a buy or a sell?

In the last year, there was no coverage of BMO US Put Write Hedged to CAD published on Stockchase.

Is BMO US Put Write Hedged to CAD a good investment or a top pick?

BMO US Put Write Hedged to CAD was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for BMO US Put Write Hedged to CAD.

Why is BMO US Put Write Hedged to CAD stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BMO US Put Write Hedged to CAD worth watching?

In the last year, there was no coverage of BMO US Put Write Hedged to CAD published on Stockchase.

What is BMO US Put Write Hedged to CAD stock price?

On 2020-02-20, BMO US Put Write Hedged to CAD (ZPH-T) stock closed at a price of $16.58.