BMO Covered Call Canadian Banks ETF (ZWB.TO)

Covered Call Cdn Banks ETF. On this one you are long the big banks and you get covered call writing as a strategy and you don't have to rely on an adviser to do it.

As a conservative equity position it is actually pretty good. If it’s a long term hold, such as 10 years, you could be even more aggressive by using small caps and value stocks as opposed to banks.

Very interesting. Came out in mid-Feb. Earns call option premiums by investing in Canadian banks and then writing the calls. If you think the banks will go slightly up then this is a great one to own. Don’t if you think banks are coming down.

Covered call Canadian portfolio. Very new product. Mot something he would use because he does his own covered calls. This gives people the opportunity to buy a packaged deal, making it a very good thing. They do one-month expiries and he prefers 6 months as you get better protection on the downside. Shorter-term option gives you a greater rate of return but at a higher risk.

Covered Call Cdn Banks ETF. Basically a Covered Call Write on bank stocks so you are buying bank stocks and getting cash flow from covered writing. Downside is if you think banks will do reasonably well, you are capping your upside. Could use this as an alternative to bonds or preferred shares. Good in your portfolio if you are looking for an income component.