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Bullboard - Stock Discussion Forum Global X S&P/TSX 60 Covered Call ETF T.CNCC

TSX:CNCC - Post Discussion

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Post by gina_cobb on May 26, 2011 1:07pm

National Bank

is the Market Maker for HEX,HEE and HEP (according to TSX )

The float is 1,015,000 shares for each stock) (TSX)

A quick review of trades back to 24th april shows that nearly all the HEX sells are by National Bank (080) and they are close to that 1.015 m shares sold.

What happens when all the shares are distributed? (in a few days time)

Any thoughts?

Gina
Comment by wynner on May 26, 2011 1:32pm
Oh oh.....Does that mean the lid comes off?I know the idea is to create a spread and sell higher range and buy low range.....I've yet to see it get down to the low range yet. i.e. 5 cent spread.We'll see.
Comment by gina_cobb on May 26, 2011 2:48pm
What is aMarket Maker? You probably take for granted thatyou can buy or sell a stock at a moment's notice. Place an order with yourbroker, and within seconds, it is executed. Have you ever stopped towonder how this is possible? Whenever an investment is bought or sold,there must be someone on the other end of the transaction. If you wantedto buy 1,000 shares of Disney ...more  
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