by Arnold Joe
Loading ...Looks like I was wrong about BCE Inc options being mispriced as the stock did trade higher on Monday but the high was only $38.12 Cdn. I thought BCE would trade between $38-39 Cdn, but instead the trading range was closer much closer to $37. Since the Telecom sector isn’t something I’m familiar […]
Interest Rates:
The FOMC did as expected and cut short term interest rates by 25 basis points and as you would expect they also signaled their concern about inflation even though fighting inflation isn’t their priority.
Economics:
Stagflation from the US might be spreading to Canada as monthly GDP in February dropped 0.2% and the industrial producer price […]
Stock Portfolio:
Today I bought call options on BCE Inc (T-BCE, N-BCE) with a May expiry when the stock was trading at $36.10 USD. BCE is the object of a friendly takeover at $42.75 Cdn, which means it trades at a fairly steep discount of around $6.00. The stock was down on news that a filing […]
Recap:
The Dow Jones and TSX were both down 256 and 226 points on Friday respectively probably the result of General Electric posting lower profits q/q and also lowering guidance for the year. This comes only a short time after the company had affirmed guidance in March. Markets are nervous because of the implications that weakness […]
