As long as over 21-22 area (previous resistance) has a shot at making a move towards 30 and this is a name that’s gone crazy in the past. Featured chart from guruhaven.com
$MJ $CGC $ACB $AMC $GME #PotStocks #MemeStock #Stocks 📈
... for a .43/contract credit.
Notes: >35% 30-day at 39.7%. I already have some 18 on in August, so going out to September. 2.76% ROC as a function of notional risk. As usual, this is a "wheeling" play: generally, take profit on the short put approaching worthless; otherwise, if in the money at expiry, take assignment of shares and proceed to sell call...
... for a .49/contract credit.
Notes: There isn't much left on the board with 30-day implied >35% in the exchange-traded fund space, but MJ is one of them with 30-day at 41.6% and expiry-specific at 50.1%. The others: ARKK (40%), ARKG (39%), GDXJ (36%), and XME (35%). Had to go a little more aggressive here delta-wise than usual: the 18 is at the 22 delta or...
... for .14/per contract.
Comments: In for .48 (See Post Below), out for .14. .34 ($34)/contract profit with 39 days to go. No sense in hanging out another 39 days for the remaining .14. Implied is still pretty decent here with 30-day at 44.8%, so may re-up in a bit when an August monthly becomes available, assuming the volatility is still there.
Here's where the premium was at as of Friday's close:
Broad Market Exchange-Traded Funds With 30-Day Implied >20%:
Comments: I have quite a bit of IWM on here, but my order of preference is broad market, then sector, then single name, so am comfortable with adding if we get both weakness and a pop in volatility. IWM/RUT has been fairly rangebound,...
... for a .48/contract credit.
Comments: 30-day at 40.2%. 2.74% ROC at max as a function of notional risk, no doubt due in part that I had to go in a little bit more aggressive than usual due to the lack of delta granularity from strike to strike. It was either this strike (24 delta) or the 17 (14 delta).
Annual filings dropped yesterday
All quarterly reports on the way ASAP
2 Acquisitions to be announced within the next two weeks
5 Offices nationwide
$38 Million in assets
Management plans on up-listing
Here's what's paying for premium sellers as of Friday's close ... .
For those of you not familiar with my general process, my general order of preference is to trade (a) broad market; (b) sector exchange-traded funds; and (c) single name, in that order. If broad market isn't paying, I look at exchange-traded funds, and -- if those aren't paying -- I look at...
Start of an uptrend? legalization is rolling out across a massive market, America.
Price has popped and now retraced back to the 61.8% Fib level - significant.
It's a marijuana ETF, broad exposure across a huge sector.
last weeks Doji.
... for a .14/contract debit.
Notes: In for .48/contract (See Post Below) and out for .14 here with 28 days to go. .34 ($34) profit per contract. 30-day's still pretty decent here at 45+%, so will consider re-upping in June (56 Days) some time next week.
MASSIVE DD Packet Compilation created today of upcoming events and catalysts:
NRG currently has 20+ trucks operating in 9 states across the Mid
south and Western states. NRG Dynamics is a modern fleet
coupled with forward thinking when it comes to technology and
operations. They operate completely cloud-based. Considered...
Victory is up nearly 100% after dropping stellar news today about its financials and announcing the establishment of a global IR firm that has over 26 years of experience in IR, PR and investment banking relations.
Put that together with the amazing results we got for the 2020 year ended and you can see why my PT for this is still over $25+
This management team...
Highly Options Liquid Single Name With Earnings in the Rear View Mirror Ranked by 30-Day Implied With a 30-Day >50% and a Share Price >$10:
Highly Options Liquid Exchange-Traded Funds Ranked by 30-Day Implied With a 30-Day >35%:
MJ faces a key test of support as mj stocks continue to roll over and challenge important levels.
A break of lateral price support could bring in lower levels to test including the trendline and deep 200-d MA rising support.