Tim Hortons Earnings Follow Up
Back on October 15th, I wrote about some unusual activity on Tim Hortons options that caught my eye earlier in the week. At the time, I hypothesized that a trader may have created a position to take advantage of the earnings report scheduled to be released on November 7th. While I will provide a brief review of the strategy...
Pop Goes Cameco
Today’s market open revealed a boost in activity on Cameco (CCO-TC) option contracts. So far this morning all of the action seems to be favoring the call side. As always, I will stress the importance of understanding that this does not suggest a specific directional bias as options are used to meet a number or investor...
Price Action Discounts Everything: A Look at Enbridge
I typically have CNBC running in the background as I go about my daily business. While it provides a certain amount of entertainment throughout the day, I am cautious of ever acting on the observations and recommendations shared by the anchors and guests with out the price action supporting the bias. Yesterday, they were doing...
Tim Hortons Serves Up Some Unusual Activity
On Wednesday October 9th, Tim Hortons (TSE:THI) caught my eye as one of the most active option series trading on the Montreal Exchange. As I cautioned in my previous blog entitled Interpreting Unusual Options Activity this is not a mechanism for establishing a directional bias, however, it can be a starting point for uncovering...
An Option on the Future of Alternative Energy
Adapting to an alternative source of power can be quite cost prohibitive to both businesses and the average household in an economy where every dollar counts. After all, it’s all about returns when it comes to making any investment and making the transition from mainstream energy sources to an alternative is an investment to...
A Case for Comeco
A Case for Cameco Back in a May, a group of politicians in Japans parliament called for a return to nuclear power as a solution for overcoming the economic challenges of importing expensive economic fossil fuels. 2 years ago, an earthquake and subsequent tsunami caused a nuclear meltdown that forced the shutdown of 48 out of 50...
Beware Volatility
Option traders have been enjoying a period of low implied volatility for quite some time now. Periods of low implied volatility make option buying attractive as premiums trade at relative lows comparative to periods when implied volatility is high. In order to understand the implied volatility variable, we first have to...
Hedging a Portfolio Against a Broad Market Decline
As we traveled across Canada over the last month on behalf of the M-X, I met many retail investors concerned about the markets and the fate of their portfolios. While some were concerned about the risk associated with individual holdings, many were skeptical as to how much longer the stock market in general could hold up. While...
Bet on Barrick Gold
Barrick Gold Corp (TSX:ABX) has suffered the same consequences as many of its counterparts in the mining sector. To blame the most recent drop in gold would be misguided. While Barrick suffered a 33% drop in a little under a week on the heels of the gold sell off, the fact is that the downtrend was already well in place. One...
Technical Analysis and Options
Many investors use fundamental analysis to determine whether shares in a particular company are worth buying or selling. Fundamental analysis is simply the study of financial statements, management, competitive advantages, competitors and industry potential. While this information can be powerful in determining the potential...
Jason Ayres
CEO and Director of Business Development
R.N. Croft Financial Group
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