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COMMENT
Rules for writing options and cash-covered puts. He doesn't do put-writing. Clients understand covered calls: buy the stock, sell the option, get the premium in the next day. Most clients don't understand puts, and he'd rather his clients understand what he's doing. As a do-it-yourselfer, go ahead. Beware that the great failure of do-it-yourself put-writers is that they leverage everything. You're supposed to have the same risk with put writing as you do with covered calls, but most people don't do that. The risk is that you'll have several stocks put to you that you didn't really want to hold. Several different methodologies for where to write the calls. For example, one or two standard deviations above the strike price. His preference is to go out a few (4-6) months and try to get as close to the strike price that you can to maximize the amount of option premium you receive. He doesn't do them much anymore, as they're awkward to deal with. BMO and Harvest provide very good covered calls, and he's happy to use their products. Though expensive, these products add value.
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COMMENT
Canadian ETF equivalent to PKW, which holds companies that buy back shares? He's not aware of one. A niche theme. One of the smaller ETF players might have something.
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Likes the US healthcare industry, as all the aging baby boomers are entering high medical cost years. Covid delayed a lot of elective surgeries, creating a backlog. The yield on this ETF is extraordinary. He's trying this for his yield-oriented investors to make up for abysmal fixed income returns.
E.T.F.'s
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Core holding, especially for more conservative investors who want yield. Banks have been beaten up because of concern about recession, but this is premature. Canadian banks are in pretty good shape from a credit point of view. Yield around 6%.
E.T.F.'s
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Down 25%, so it's on sale. Warren Buffett says this is the only business where you put up a sign that says "On Sale", and all the customers run for the exits. Can it go down from here? Of course it can. But he buys with only a small proportion of a client's available cash.
E.T.F.'s

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CEO didn't anticipate the rise in transportation costs and reported disappointing earnings. Will probably raise prices next quarter and pass the extra cost on to consumers. Solid company with temporary profit issues. Good time to buy, Social media mentions increased 1300% in the past wee
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