Page 1 of 2 1 2 Last Jump to page: Results 1 to 10 of List of Canadian stocks with options AND decent open interest. List of Canadian stocks with options AND decent open interest Hi all, I have been working with options for my investment portfolios for a couple of years now, but mostly using my US holdings.
I do some options strategies in my Canadian holdings of course, but since the volume is so low I need to be careful. To ensure I knew which Canadian securities had enough options volume to trade with reasonably, I decided to run a screen to find a list of optionable stocks and ETFs that had a decent amount of volume. Well I started with http: It contained all options that traded that day broken down by contract month and strike and including a total volume and open interest for each underlying.
Well a good start but how do I get this filtered and sorted? The short answer is to start with manually working the spreadsheet to cut out everything except the total lines, and then use conditional formatting to identify issues lacking in volume and remove them. As I went through this process I thought about how this was simply volume from a single day Aug.
Looking at the data I figured that Open Interest is a much better indicator, so I'd work with that instead. Next I did some formula work to pull out ticker symbols, total OI, and then sort the whole list by OI. So - I arbitrarily decided that anything under 10 thousand contracts of open interest was too thin, I only wanted to see things over that number.
I ended up adding a couple of issues into that mix that didn't meet that screen but had over 5k in open interest and were securities I traded or invested in - namely Telus and XFN.
Well it was quite a bit of work. I thought some of you might like to see the list of 29 securities I ended up with - sorted by open interest. Please tell me your thoughts, suggestions, or ideas.
Is 10k open interest too high or arbitrary? Should I try 5K, or maybe screen using some other metric? If that doesn't work for some reason, PM me. Last edited by Lephturn; at Low open interests on montreal never tell the whole story when US options also exist in the same underlying.
No fancy study here. Option trader should keep his canadian stock in canadian or US account according to the currency of the dividend. The no-brainer is that he will gradually accumulate exchange-free US dollars. The big problem is these ishares also have pitiful premiums. Instead, go straight to the banks themselves. Far better deals available. Mais je le crois bien.
Basically I wanted to find out which Canadian equities had decent options in our markets. Or can I buy the Can listed security - get them to journal it over - and then trade the US options on it? The other issue is that I am then exposed to currency risk - but I suppose if it is a Canadian business in question that will remove most of that risk. I guess I was thinking too nationally. See I knew I'd learn something by posting this and asking questions!
Sponsored Links Remove Advertisements. I also want to know this. Would this still be technically a covered call? So if the option was exercised I'd just journal the shares to the US exchange where they would be called away? Get shares assigned to me and journal them back to the Canadian exchange to be held? Originally Posted by Lephturn. Originally Posted by peterk. Or else hi-quality canadian stocks w lo dividends or no dividends, but the options have noticeably valuable premium to sell.
Because such a list, for canadian stocks, doesn't change very much. Good old canadian stodge prevails. Sell put, get assigned, journal over to US side is how I've always done it. It takes me 3 days to get my orders filled on the Canadian side. Margin rates for these will consequently be more draconian, less favourable. Tags for this Thread canadian , etf , montreal exchange , open interest , options. All times are GMT The time now isMore...