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Global X S&P/TSX 60 Covered Call ETF T.CNCC



TSX:CNCC - Post by User

Comment by jjmaxon Aug 17, 2011 12:06pm
222 Views
Post# 18951735

RE: RE: RE: RE: RE: my analysis FWIW

RE: RE: RE: RE: RE: my analysis FWIWMy simple logic which often is too simple is:

As Eden writes monthly at  10% out of the money that should give us some monthly upside if and when it comes.

AS far as ever selling at a premium; Horizon told me that that would never happen as they adjust the prices every day to stay close to the NAV.

I also read a comment by some financial commentator that we could get some ROC happening. In other words some of the distribtion could be a return of our own money.
Horizon assured me the other day that they are very conscious of this and would not let it happen.

Chhers, Jim
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