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Covered Call US Banks ETF

ZWK-T

Analysis and Opinions about ZWK-T

Signal
Opinion
Expert
Chart
BUY
BUY
September 15, 2021
ZWK vs. XLF vs. VFH Likes US banks. Equal weighted basket of large and regional banks. Will benefit when you see the economy recover, 6-12 months out, with lower loan losses, steepening yield curve. Yield about 6.9%, a combination of dividends and covered call options. Makes sense if you're in it for the income. XLF and VFH don't have the covered call, do have a lower expense ratio, and let you capture the upside from the underlying securities.
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ZWK vs. XLF vs. VFH Likes US banks. Equal weighted basket of large and regional banks. Will benefit when you see the economy recover, 6-12 months out, with lower loan losses, steepening yield curve. Yield about 6.9%, a combination of dividends and covered call options. Makes sense if you're in it for the income. XLF and VFH don't have the covered call, do have a lower expense ratio, and let you capture the upside from the underlying securities.
Stan Wong
Price
$31.190
Owned
Unknown
TOP PICK
TOP PICK
August 3, 2021
An MER of 0.71% he owned this when Covid hit in March 2020 and stocks got hammered. The covered call would hinder the recovery of this ETF, so he sold ZWK. But as the S&P started to rise, he re-entered ZWK. Also, he bought this for the 8.5% dividend yield at the time. A screaming deal. He bought around $20. It still pays around 6%. He expects US banks to do well.
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An MER of 0.71% he owned this when Covid hit in March 2020 and stocks got hammered. The covered call would hinder the recovery of this ETF, so he sold ZWK. But as the S&P started to rise, he re-entered ZWK. Also, he bought this for the 8.5% dividend yield at the time. A screaming deal. He bought around $20. It still pays around 6%. He expects US banks to do well.
John Hood
Price
$29.060
Owned
Yes
BUY
BUY
July 15, 2021
Likes the US bank sector. The covered call makes the banks more conservative; if banks go up, you have less upside, but if they go down, less downside. If you're in retirement, it's a perfectly fine ETF. We're in the early innings of a new credit upswing, consistent with an economic super-recovery. The banks will do well with curve steepeners.
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Likes the US bank sector. The covered call makes the banks more conservative; if banks go up, you have less upside, but if they go down, less downside. If you're in retirement, it's a perfectly fine ETF. We're in the early innings of a new credit upswing, consistent with an economic super-recovery. The banks will do well with curve steepeners.
Tyler Mordy
Price
$30.270
Owned
Unknown
COMMENT
COMMENT
February 1, 2021

There are two elements to covered call strategies. There is the underlying stocks, and then the option premium. Volatility will continue to be high for the next couple years. Premiums will remain elevated. FIE pays back a part of your money back. There are a couple different elements to consider.

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There are two elements to covered call strategies. There is the underlying stocks, and then the option premium. Volatility will continue to be high for the next couple years. Premiums will remain elevated. FIE pays back a part of your money back. There are a couple different elements to consider.

TOP PICK
TOP PICK
November 9, 2020
Banks. It is a play on US banks. It has a about a 9.5% yield. It has a very broad segment of the US banks. He uses it as an income play. Banks in a zero rate interest rate environment have trouble making money but he does not see it as a that bi a risk.
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Banks. It is a play on US banks. It has a about a 9.5% yield. It has a very broad segment of the US banks. He uses it as an income play. Banks in a zero rate interest rate environment have trouble making money but he does not see it as a that bi a risk.
John Hood
Price
$21.560
Owned
Yes
COMMENT
COMMENT
November 2, 2020
Owns all the Canadian banks and you don't have to worry which one is going to lead. However, the US banks are also quite cheap relative to the Canadian banks.
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Owns all the Canadian banks and you don't have to worry which one is going to lead. However, the US banks are also quite cheap relative to the Canadian banks.
COMMENT
COMMENT
September 4, 2020
Because of volatility spiking up to tremendous levels, the option premium income went up everywhere. From now till the end of the year, you can expect volatility. You can expect 2-3% of extra yield from option strategy than the underlying stocks.
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Because of volatility spiking up to tremendous levels, the option premium income went up everywhere. From now till the end of the year, you can expect volatility. You can expect 2-3% of extra yield from option strategy than the underlying stocks.
DON'T BUY
DON'T BUY
July 17, 2020

A way to play US banks with a covered call. Similar to the ZEB for Canada. He's negative on banks because of covid and interest rates. He doesn't have any US or Canadian banks right now.

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A way to play US banks with a covered call. Similar to the ZEB for Canada. He's negative on banks because of covid and interest rates. He doesn't have any US or Canadian banks right now.

PAST TOP PICK
PAST TOP PICK
February 11, 2020
(A Top Pick Feb 14/19, Up 11%) He likes covered calls on US banks. Owns a lot of this.
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(A Top Pick Feb 14/19, Up 11%) He likes covered calls on US banks. Owns a lot of this.
John Hood
Price
$31.550
Owned
Yes
COMMENT
COMMENT
January 24, 2020

He wouldn't buy the covered call. If you like American banks, buy them individually. He would rather buy ZBK which is a play on American banks without a covered call. Basically, you're paying a premium for covered calls..

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He wouldn't buy the covered call. If you like American banks, buy them individually. He would rather buy ZBK which is a play on American banks without a covered call. Basically, you're paying a premium for covered calls..

Terry Shaunessy
Price
$31.390
Owned
Unknown
COMMENT
COMMENT
July 19, 2019
Buying back covered calls to resell. Will often do that, when stock declines. If there's enough time value, he would wait. Time value drops quickly when close to expiry.
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Buying back covered calls to resell. Will often do that, when stock declines. If there's enough time value, he would wait. Time value drops quickly when close to expiry.
John Hood
Price
$30.060
Owned
Unknown
DON'T BUY
DON'T BUY
April 29, 2019
He doesn't like the US banks this late in the cycle as the yield curve inverts. Banks are making less money and will face increasing challenges.
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He doesn't like the US banks this late in the cycle as the yield curve inverts. Banks are making less money and will face increasing challenges.
HOLD
HOLD
April 2, 2019
He likes it. He knows how BMO runs the covered call desk and he likes it. He likes US Banks. He would hold.
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He likes it. He knows how BMO runs the covered call desk and he likes it. He likes US Banks. He would hold.
John Hood
Price
$29.580
Owned
Unknown
COMMENT
COMMENT
February 28, 2019
The US banks benefited from the looser regulatory environment of the Trump's administration. If you think that the US banks are to move higher you are better off just owning the banks directly. 3-5 years out he prefers the banks directly.
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The US banks benefited from the looser regulatory environment of the Trump's administration. If you think that the US banks are to move higher you are better off just owning the banks directly. 3-5 years out he prefers the banks directly.
Stan Wong
Price
$30.400
Owned
Unknown
TOP PICK
TOP PICK
February 14, 2019
What is interesting is that this starts trading tomorrow. He likes the structure of BMO covered calls as they don't overlay the calls too tight to the strike price. In a low rate environment, this is a good way to boost FI yield. MER: 0.65%
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What is interesting is that this starts trading tomorrow. He likes the structure of BMO covered calls as they don't overlay the calls too tight to the strike price. In a low rate environment, this is a good way to boost FI yield. MER: 0.65%
John Hood
Price
$0.000
Owned
No
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Covered Call US Banks ETF(ZWK-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Covered Call US Banks ETF 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.

Covered Call US Banks ETF(ZWK-T) Frequently Asked Questions

What is Covered Call US Banks ETF stock symbol?

Covered Call US Banks ETF is a Canadian stock, trading under the symbol ZWK-T on the Toronto Stock Exchange (ZWK-CT). It is usually referred to as TSX:ZWK or ZWK-T

Is Covered Call US Banks ETF a buy or a sell?

In the last year, 2 stock analysts published opinions about ZWK-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Covered Call US Banks ETF.

Is Covered Call US Banks ETF a good investment or a top pick?

Covered Call US Banks ETF was recommended as a Top Pick by Stan Wong on 2021-09-15. Read the latest stock experts ratings for Covered Call US Banks ETF.

Why is Covered Call US Banks ETF 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 Covered Call US Banks ETF worth watching?

2 stock analysts on Stockchase covered Covered Call US Banks ETF In the last year. It is a trending stock that is worth watching.

What is Covered Call US Banks ETF stock price?

On 2021-09-20, Covered Call US Banks ETF (ZWK-T) stock closed at a price of $30.18.