WEAK BUY
India is interesting, because 300 million people there are now middle class. India has a lot of potential, and he would hold a small position.
COMMENT
Is there enough liquidity and volatility to trade option on leveraged U.S. ETFs? Would there be enough volatility to make day trades? Buy options on the volatility index instead. This index is six times more volatile than the S&P 500. He thinks (not sure) that there are options on a 2x volatility index in the U.S. which means 12x the leverage.
PAST TOP PICK
(A Top Pick Aug 02/18, Up 4%)A covered call. He suggested buying Apple and selling a $200 call on it. $6.45 on the call, so the cost of your shares are $195. The options expired in August, so the stock were trading under and weren't called. Then, Apple tanked. It would have been hard to hang onto it, but if you had, you would have done great. Today, he'd write options on it again.
PAST TOP PICK
(A Top Pick Aug 02/18, Up 13%)An August covered call. He sold an August call. He thought that the market was ahead of itself and he took some money off the table. The price in August was $338.50 and the option to sell at $360. It never got there. You wouldn't kept the stock. Your cost was $317, hence the 13% return.
PAST TOP PICK
(A Top Pick Aug 02/18, Up 1%) Most FAANG stocks are momentum plays and led the market last year until September, plunged, then returned. He isn't thrilled about momentum now.
COMMENT

ZWU is a covered call strategy on utilities, which are defensive, and the covered call adds some income. This has traditionally underperformed ZWB, banks, vs ZPW which is a put-right on the S&P 500 (you want US exposure).

BUY

This or buy gold itself? He prefers this ETF over gold itself--but he doesn't like gold. XGD tracks the price of gold closely. GLD tracks the actual gold in the U.S., and he doesn't like it as much though you can write covered calls with this, though the market is illiquid.

HOLD
How far out would you write a covered call on this? That's a tough one. He wouldn't write a covered call on this. So, if you believe the US economy will grow above-average in coming years, then Canada will benefit. Sit tight and use it as a core holding. Wait till there's a trade deal--and it will happen. It's all bluster now.
COMMENT
A perpetual strategy using a call and a put option to protect a portfolio against downside risk. Say stock X reaches a top at $60 and it falls below $50. No. You're talking about buying a put option to protect a stock you own. If X peaks at $60, you could buy a $60 put option with a 6-month term, that'll cost you $1. If the stock falls, put option rises in value, which is equivalent to a short. He doesn't like this strategy. If you're worried about a stock at a certain point, then go back and examine why you bought it. Otherwise, why keep it? Sell it.
COMMENT
To play potential interest rate volatility. He trades this often. To buy a call on a put, you have to buy a premium. He thinks interest rates will stay flat in the coming 12 months.
COMMENT
In a TFSA? Don't. Hold stocks in a TFSA that you will hold for a long time. An interesting company for a covered call. Where SHOP is now, he would do only a covered call. It's run up so much that there's downside risk.
BUY
He likes this. Medical devices play to an aging demographic. The risk is political intereference with governments issuing new laws that interfere with this sector.
COMMENT
How does this pay a yield if weed stocks don't? It does pay a dividend, perhaps from capital gains from buying and selling those weed stocks within the ETF. He doesn't think cannabis will be an exciting industry, but will wind up like the liquor business.
TOP PICK
Buy this for the dividend and don't expect much share price movement. BCE has raised their dividend 16 times since 2007. 5.31% yield that they just raised. They will continue to raise it. (Analysts’ price target is $61.44)
TOP PICK
This gets the dividend from the big six Canadian banks and other premium from the sale of options before the PIF capital shares receive anything. This has a redemption price of $15 down the road with a 5.9% yield. Solid though it won't increase. An income producer.