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(Top Pick Apr 8/16, Up 32.96%) It has participation in a wide variety of restaurants. This is not an entry point. There are higher growth possibilities in the market right now.

A leading supplier of health foods to companies like MacDonald’s. They source non-GMO and organic foods from 60 countries. The market for this is very, very big. They supply some of the world’s leading brands. He keeps owning it as long as it is the best available opportunity in the space.

The valuation is better than others. He was out for a number of years while the auto industry went through some changes. They are a leader in lightweighting cars, in making cars more fuel efficient. (Analysts’ target: $14.00).

Market. We are experiencing the 3^rd largest economic expansion in history, and if it goes to 2019, it will be the longest in history. The market has tripled since the financial crisis and many investors are concerned that it has gone up too far and too fast, and that there is going to be another major correction. That is making this the most unloved market that he has ever witnessed in 40 years. Feels it bodes well for the longer-term and doesn’t think it is over. It is hard for the US to do something, and not have Europe come into play, along with the rest of the world, so he is not sure there are going to be any further interest rate hikes for the rest of the year.

One of many high dividend paying ETF’s. You are buying into companies that pay good dividends with a history of increasing them. As there is a history of increasing dividends in these companies it is not a bad investment in a rising interest rate environment, as you are getting a bump-up in a yield that is inside the ETF’s anyways.

Invests in an equal weighted basket of big-name tech companies. The “covered call” side is not the major component, because they only write against 25% of the fund and the assets of the fund at any point in time. If you like big-name technology, this is fine. This is where he thinks a lot of the earnings are going to come from.

Obtaining “implied volatility ratings” for Canadian stocks? Implied volatility is what is used to price an option, and is based on how volatile the underlying security is. Volatile stocks command a higher option premium. The easiest way to create a list of implied volatility stocks, is to look at the most volatile stocks in the Canadian market. Gold stocks would typically be in the top quartile of volatility. You can get implied volatility numbers if you have a discount broker that provides you with a quote machine, which will, in most cases, show you the implied volatility.

A US ETF that corresponds to this ETF? There are a number of ETF’s in the US that do covered calls. (See Top Picks.)

You recommended using Covered Calls as a Top Pick on June 15/17. What strike price specifically? There were 2 reasons for that recommendation. Had thought BCE had sold off quite a bit with a dividend yield in excess of 5%. Doesn’t think there is a lot of downside in it, and would look at writing a longer-term Call Option. He was looking at it as an income generating strategy. You want to think of the premium from the Call Option as a 5^th dividend that you are receiving. At the current price of $58.25, he would go for a $60 Call Option, which gives you a little upside, and you are collecting a dividend in excess of 5%. The stock is not volatile. If able to sell a $60 Call and go out 6 to 8 months, you will probably get the equivalent of a dividend payment.

(A Top Pick Dec 9/16. Up 20.4%.) Synthetic Long Position. Buy Jan 25 calls at $2.12 and Sell Jan 25 puts at $4.35. The combination of those 2 is going to act exactly like the stock is going to react. If you bought the stock, you would have to do it in US$, but by using this strategy you actually create a credit in the account and you secure it with Canadian Treasury bills.

(A Top Pick Dec 9/16. Up 12.4%.) Synthetic Long Position. Buy January 45 calls at $4.90 and Sell January 45 puts at $6.75. At the time, this stock was $43.73 and today it is $45.17, so the stock is up 3%, but the synthetic, assuming $16 a share went into margin, he needed $15.50. A much better way to play this.

(A Top Pick Dec 9/16. Up 40%.) Bought a Long-term call at $4.50. The option is still valid and doesn’t expire until next January.

A Covered Call in a registered account. Buy back the Calls and roll them out, or just let them get called away and write another Call? He does a lot of rolling, which is usually a good thing as it means the stock is going up in value and you crossed the strike price and are going to get called away at a price a little below where it is and you want to roll up to a higher strike price. It really depends on how comfortable you are with the stock, and is it a price point where you normally would’ve sold it if you didn’t use options.

The 50 biggest stocks in Europe, so think about it like the S&P 500 in the US. If dealing in futures, the futures contracts on indexes are higher than the risk-free rate of interest is. This means futures are trading in a negative slope.

Covered Calls Comment. One thing you want to look for in a Covered Call is a good quality company that has upside potential and has enough volatility in it that the option premiums are valuable enough that it makes sense. Tech companies fill that bill on so many fronts.