Continuing the series of articles on the world economy, today our focus will be on Canada. Canada is the 2nd largest country in the world in terms of landmass after Russia. In addition, Canada is a sparsely populated country with the largest portion of the country’s population living in close proximity to its southern neighbor the United States.
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Canada and the United States are each country’s respective largest trading partners. Portions of Canada were at one time British colonies and French colonies, and as a result, Canada is a bilingual nation with the two dominant languages spoken being English and French.
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The largest sector of the Canadian economy is the service sector. Canada has a very large logging, mining and oil industry. Canada is one of a very few countries in the world which is a net exporter of energy.
Some Canadian companies with optionable stocks are shown below.
| Canadian Companies with Optionable Stocks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AAV | BAM | CLS | CUP | FS | JDO | MWA.B | OPMR | QLTI | SU | VIA.B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ABX | BBI.B | CMG.B | ECA | GG | KGC | NAK | OTEX | RDS.A | SWIR | VSGN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ABY | BCE | CNE | EGO | GGR | KRY | NCX | PAAS | RDS.B | TAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AEM | BLDP | CNI | ENB | GRS | KV.A | NG | PAL | RG | TCK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AGU | BMD | CNQ | ENT | HTE | MECA | NGPS | PCZ | RIMM | TD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AL | BQI | COGN | ERF | IAG | MEOH | NRMX | PDS | RY | TGA | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ANPI | BTE | COT | EWC | IDT.C | MFC | NT | PGH | SA | THI | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ASPV | BVF | CP | FDG | IMAX | MIM | NTO | POT | SLW | TLCV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AUY | CBS.A | CRME | FFH | IMO | MNG | NWS.A | PVX | SSRI | TLM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AXCA | CCJ | CRYP | FRG | IVN | MOG.A | NXG | PWI | STKL | URZ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
With Canada sitting in the enviable position of being a net exporter of energy and being in close proximity to the United States, investing in Canadian companies looks very promising. Using PowerOptions stock options search tools, the following covered calls positions were found for companies based in Canada.
| PowerOptions covered call search | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Sym |
Stock Price |
Option Sym |
Expire &Strike |
Opt Bid |
%Dnsd. Prot |
%If Unch. |
%If Asgnd. |
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| ASPV | 21.93 (+0.18) | QOSDX | 07 APR 22.5 (23) | 0.50 | 2.3 | 2.3 | 5.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| COGN | 39.95 (-0.12) | CRQDH | 07 APR 40.0 (23) | 1.50 | 3.8 | 3.9 | 4.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| KRY | 3.85 (-0.08) | KRYDA | 07 APR 5.0 (23) | 0.20 | 5.2 | 5.5 | 37.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GRS | 17.40 (-0.04) | GRSDW | 07 APR 17.5 (23) | 0.60 | 3.4 | 3.6 | 4.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GG | 24.65 (-0.04) | GGDE | 07 APR 25.0 (23) | 0.70 | 2.8 | 2.9 | 4.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MNG | 4.97 (+0.29) | MNGDA | 07 APR 5.0 (23) | 0.20 | 4.0 | 4.2 | 4.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NRMX | 15.56 (-0.08) | KQMDW | 07 APR 17.5 (23) | 1.60 | 10.3 | 11.5 | 25.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NT | 24.44 (-0.03) | NTDE | 07 APR 25.0 (23) | 0.60 | 2.5 | 2.5 | 4.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PAL | 7.27 (-0.08) | PALDU | 07 APR 7.5 (23) | 0.15 | 2.1 | 2.1 | 5.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PAAS | 29.79 (+0.30) | USPDF | 07 APR 30.0 (23) | 1.00 | 3.4 | 3.5 | 4.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| POT | 157.14 (+1.89) | PVZDL | 07 APR 160.0 (23) | 3.80 | 2.4 | 2.5 | 4.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RIMM | 136.25 (+0.34) | RFYDH | 07 APR 140.0 (23) | 3.80 | 2.8 | 2.9 | 5.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SA | 14.78 (+0.05) | SADC | 07 APR 15.0 (23) | 0.60 | 4.1 | 4.2 | 5.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SSRI | 34.96 (+0.29) | IZUDG | 07 APR 35.0 (23) | 1.45 | 4.1 | 4.3 | 4.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SLW | 9.72 (+0.05) | SLWDB | 07 APR 10.0 (23) | 0.25 | 2.6 | 2.6 | 5.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STKL | 12.21 (+0.14) | UVDDV | 07 APR 12.5 (23) | 0.40 | 3.3 | 3.4 | 5.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AUY | 14.46 (+0.02) | AUYDC | 07 APR 15.0 (23) | 0.35 | 2.4 | 2.5 | 6.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The covered calls positions for Canadian companies found using PowerOptions offers diverse % if unchanged potential returns ranging from 2.1% to 11.5% (23 days) with downside protections ranging from 2.1% to 10.3%. As long as the stock price of the position does not decline more than its downside protection at options expiration, the covered call position will be profitable.
The NRMX covered calls position has the highest potential % if unchanged return of 11.5% and % if assigned potential return of 25.4%. NRMX is a biopharmaceutical company involved in the development of therapeutics for neurological diseases. Even though the NRMX covered call position has a very high potential return, it also carries a high degree of risk as the company’s products have the potential to be rejected and subsequently never being brought to market. Investments in biotechnology companies are one of the highest risk forms of investing and should be entered with a high degree of caution.
Competitors:
Competitors for ASPV include: Genentech Inc. (DNA), Human Genome Sciences Inc. (HGSI), and Teva Pharmaceutical Industries Ltd. (TEVA).
Competitors for COGN include: Business Objects SA (BOBJ), Hyperion Solutions Corp. (HYSL), Oracle Corp. (ORCL), Actuate Corp. (ACTU), and Microstrategy Inc. (MSTR).
Competitors for KRY include: AngloGold Ashanti Ltd. (AU), Barrick Gold Corp. (ABX), and Newmont Mining Corp. (NEM).
Competitors for GRS include: Apollo Gold Corp. (AGT), and Kimber Resources Inc. (KBX).
Competitors for GG include: AngloGold Ashanti Ltd. (AU), Barrick Gold Corp. (ABX), Newmont Mining Corp. (NEM), and Kinross Gold Corp. (KGC).
Competitors for MNG include: Barrick Gold Corp. (ABX), Newmont Mining Corp. (NEM), and Comaplex Minerals Corp. (private).
Competitors for NRMX include: QLT Inc. (QLTI), and Patheon Inc. (private).
Competitors for NT include: Alcatel-Lucent (ALU), Cisco Systems, Inc. (CSCO), Siemens AG (SI), ADTRAN Inc. (ADTN), Avaya Inc. (AV), Carrier Access Corp. (CACS), Ciena Corp. (CIEN), Comverse Technology Inc. (CMVT), Ditech Comm. Corp. (DITC), ECI Telecom Ltd. (ECIL), Extreme Networks Inc. (EXTR), Foundry Networks Inc. (FDRY), F5 Networks Inc. (FFIV), Inter-Tel Inc. (INTL), InterVoice Inc. (INTV), Juniper Networks Inc. (JNPR), Radware Ltd. (RDWR), Sycamore Networks Inc. (SCMR), Spectralink Corp. (SLNK), Sonus Networks Inc. (SONS), Tekelec Inc. (TKLC), and Tellabs Inc. (TLAB).
Competitors for PAL include: Stillwater Mining Co. (SWC), and Anglo Platinum Limited (private).
Competitors for PAAS include: Compania de Minas Buenaventura SA (BVN), BHP Billiton (private), Hecla Mining Co. (HL), and Apex Silver Mines Ltd. (SIL).
Competitors for POT include: BASF AG (BF), Mosaic Co. (MOS), Yara International ASA (private), Agrium Inc. (AGU), and Terra Indus. Inc. (TRA).
Competitors for RIMM include: Microsoft Corp. (MSFT), Nokia Corp. (NOK), and Palm, Inc. (PALM).
Competitors for SA include: and Gold Summit Corporation (private).
Competitors for SSRI include: BHP Billiton (private), Industrias Peñoles, S.A. de C.V. (private), and Vista Gold Corp. (VGZ).
Competitors for SLW include: and Mitsubishi Materials Corporation (private).
Competitors for STKL include: Waste Management, Inc. (WMI), Cargill, Incorporated (private), and Tree of Life, Inc. (private).
Competitors for AUY include: Barrick Gold Corp. (ABX), Newmont Mining Corp. (NEM), and Rio Tinto plc (RTP).
For more information about how to identify and research great option trades, visit the PowerOptions website. There you will find the data you need to make quick, clear, and informed decisions. You can trade knowing you have found the best investment. Also, PowerOptions will allow you, with a few quick clicks, to quickly and accurately compare trades. PowerOptions‘ premium customer support is second to none in the industry. They can be easily contacted when you need them at their toll-free number to answer customer questions. Call them now toll free at 877-992-7971.
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[tags] Canada, United States, British, French, Comaplex Minerals Corp., Patheon Inc., Anglo Platinum Limited, BHP Billiton, Yara International ASA, Gold Summit Corporation, Industrias Peñoles, S.A. de C.V., Mitsubishi Materials Corporation, Cargill, Incorporated, Tree of Life, Inc., ABX, Barrick Gold Corp., ACTU, Actuate Corp., ADTN, ADTRAN Inc., AGU, Agrium Inc., ALU, Alcatel-Lucent, AU, Anglogold Ashanti Ltd., AV, Avaya Inc., BOBJ, Business Objects SA, BVN, Compania de Minas Buenaventura SA, CACS, Carrier Access Corp., CIEN, Ciena Corp., CMVT, Comverse Technology Inc., CSCO, Cisco Systems Inc., DITC, Ditech Comm. Corp., DNA, Genenntech Inc., ECIL, ECI Telecom Ltd., EXTR, Extreme Networks Inc., FDRY, Foundry Networks Inc., FFIV, F5 Networks Inc., HGSI, Human Genome Sciences Inc., HL, Hecla Mining Co., HYSL, Hyperion Solutions Corp., INTL, Inter-Tel Inc., INTV, InterVoice Inc., JNPR, Juniper Networks Inc., KGC, Kinross Gold Corp., MOS, Mosaic Co., MSFT, Microsoft Corp., MSTR, Microstrategy Inc., NEM, Newmount Mining Corp., NOK, Nokia Corp. ADR, ORCL, Oracle Corp., PALM, palmOne Inc., QLTI, QLT Inc., RDWR, Radware Ltd., RTP, Rio Tinto PLC, SCMR, Sycamore Networks Inc., SI, Siemens AG, SIL, Apex Silver Mines Ltd., SONS, Sonus Networks Inc., SWC, Stillwater Mining Co., TEVA, Teva Pharma. Indus. Ltd., TKLC, Tekelec Inc., TLAB, Tellabs Inc., TRA, Terra Indus. Inc., VGZ, Vista Gold Corp., WMI, Waste Management Inc., covered call investment strategy, investment strategy, iron condor, poweroptions, stock option trading, stock options [/tags]