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BMO Covered Call Canadian Banks ETF T.ZWB

Alternate Symbol(s):  BMDLF | T.ZWB.U

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.


TSX:ZWB - Post by User

BMO Covered Call Canadian Banks ETF
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Comment by gwplanton Nov 13, 2012 12:10pm
272 Views
Post# 20593679

RE: RE: RE: ZWB is a bust in delivering as indicat

RE: RE: RE: ZWB is a bust in delivering as indicat

Easy there tiger....covered call writing is obviously a muggs game and this pro is proving it, no point in playing this angle for income when it is obviously unsustanable, considering the SP performance here and the decline in the dividend, easy solution is to simply pick any of the big 4 banks buy them and I guarantee over time your return will be greater than with this debacle.

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Dealroom for high-potential pre-IPO opportunities