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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (708)10/23/1997 5:20:00 PM
From: Dave.S  Respond to of 1598
 
Graham:

If you want to protect a Canadian portfolio then buy some TXO puts.

These are options which are priced off the Toronto 35 Futures, which represents the 35 largest listed companies on the TSE.

They are expensive, so I would only buy them if you think there is going to be a serious correction in a short period of time.

For example, the TXF Futures is at about 367, the November 370 puts are about $7.70, the 360 puts are about $3.70. That is to protect a portfolio of $366,000 you would have to buy 10 TXO November 370 puts worth $7,700 good until November 20, 1997.

Dave



To: Goldberry who wrote (708)10/23/1997 5:39:00 PM
From: Zardoz  Read Replies (1) | Respond to of 1598
 
"What options would be the best to buy puts on? Is there anything representing the TSE 300?"

PUTS, why, I had low ball bids in for calls on the tips and tse35 today. I can't help but think that the market does protest a bit to much.

PS: I think it's time to make options more liquid, ,more strike prices, and based for the private client having preferencial over the professionals.
PSS: Porter Davis for president!!! I also work for myself.


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