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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

Post by jx7000on Mar 15, 2023 1:06pm
418 Views
Post# 35340305

Short Sellers are at Work on the Banks now

Short Sellers are at Work on the Banks nowI'm not the expert but Cdn banks are nothing like the US or European banks when it comes to financial stability--Cdn banks are the most secure and stable in the world (paraphrasing Ian Lee as heard on a local radio station yesterday).  And there ususally is a sell down during spring break as I understand it so I'm adding to my ZWB units.
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