Sell Dec 1/17 Calls @ $3.25 and Buy Dec 1/27 Calls @ $0.40. (Dec 1/27 Call is hedging your upside.) Not sure the S&P 500 has got much upside beyond $1170 and feels $1200 would be the highest. This Bear Call Spread will be profitable up to about $1190 on the S&P 500. Don't hold this to maturity!
Buying a Call at a Strike Price @ $1.90 and Selling a $45 Call and collecting $0.80. Thinks the holiday season should be good this year and this would be a good move.
A play on the stock market. If you think stock market is going to have a decent year in 2011 the stock will probably come back. Caller wants to write a $10 Put, which is selling a Put option. He takes on an obligation to buy the stock at $10. Keeps whatever premium he gets if stock closes above $10.
Emerging Markets Bond Hedged CAD. Emerging market is one of the growth areas right now. Yield is a little better than what you would get in Canada. Hedged so you don't have currency exchange problems. Wouldn't have it representing more than 10% of the portfolio.
S&P/TSX Global Gold ETF. Has a basket of Canadian gold stocks. He prefers covered calls on gold stocks, where you Buy a gold stock and then Sell a Call on the same stock.
NYMEX Nat'l Gas Bull+ ETF. Goes down even on days when gas goes up but is always one of the highest volume stocks traded? This market is in CANTANGO, which means every time they sell near-month futures, they pay more for longer futures. This has a negative value on the ETF.
S&P/TSX 60 Bear+ ETF. Performance of this is indicating that TSX has been going the other way. Not so sure TSX is going to fall off a cliff unless something blindsides us in the next 2-3 months. Not a big fan of the double up on a short in the Canadian market.
Covered calls? This stock has been particularly volatile lately and the option premium has been richer than normal. Option writing on this probably has some value right now