Today, Larry Berman CFA, CMT, CTA and Jeff Parent B. Eng. FCSI CIM commented about whether KWH.UN-T, COST-Q, SWK-N, WFG-T, LGO-T, ENB-T, RNX-T, SLF-T, SQ-N, BTE-T, AD-T, ABX-T, GTN-N, WFC-N, KEY-T, BNS-T, AAPL-Q, XLK-N, XIT-T, BUS-X, ALA-T, ANTM-N, TFII-T, TECK.B-T are stocks to buy or sell.
Educational Segment. When the outlook is not clear, we have options – How to use option strategies. We don’t know what will happen after this US election. There are 4 strategies: 1. Outright long. Highest potential risk. 2. Add a covered call to long to reduce risk. 3. Sell At The Money Put and use a Money Market Fund for your cash; and 4. Sell an Out of The Money Put. He thinks the current lows will hold and you could use one of the 4 types.