Fireman said:

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McInnis 03 said:

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K-Bob said:

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Down 7.6k based on Market hours.

I am sure much more now.

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Are you talking about SNDL or your whole portfolio, because if this goes to $4 and stays above 4 you're going to get rewarded extremely handsomely. Each contract you sold is worth $400 when exercised and your stock was bought for $57.....

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Yes - this is a good reminder, you're gonna get $400 for every contract, so to lose on your CCs, SNDL would need to exceed $4.00 and hold that level for you to get called out of your shares. Looks likely right now, but July is a lifetime away, so a lot could change in that time period. Not financial advice, but if it were me, I'd be looking for a SNDL pullback and buy back most if not all of your CCs as pot stocks seem to be in favor right now and for the foreseeable future.

Just remember, right now, no one else is pulling for a SNDL pullback in this thread, so if you root for that, do so quietly; kind of like betting on the DC at the dice table.

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I like playing the wrong way in Craps though.

oldarmy1 said:

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Ags2013 said:

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SNDL taunting me for going net free

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Once you do not feel this way you will have achieved the disciplined millionaire title. Until then, glad you fought the urge to roll the dice. For every 20 you do you'll get burned and if SNDL finishes its move and drops to $2.50 what would you say? "Man I wish I had gone net free"?

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Sage advice here... Pot stocks are the hot play right now, it will cool off when this squeeze is over.

fwiw, the volume on 3C and 5C's for 2/19 SNDL is bonkers!

another MJ play, I got in CRBP today, low 3's average. Wish I'd bought more though, big gap to fill upward.

Fireman said:

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McInnis 03 said:

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K-Bob said:

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Down 7.6k based on Market hours.

I am sure much more now.

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Are you talking about SNDL or your whole portfolio, because if this goes to $4 and stays above 4 you're going to get rewarded extremely handsomely. Each contract you sold is worth $400 when exercised and your stock was bought for $57.....

---

Yes - this is a good reminder, you're gonna get $400 for every contract, so to lose on your CCs, SNDL would need to exceed $4.00 and hold that level for you to get called out of your shares. Looks likely right now, but July is a lifetime away, so a lot could change in that time period. Not financial advice, but if it were me, I'd be looking for a SNDL pullback and buy back most if not all of your CCs as pot stocks seem to be in favor right now and for the foreseeable future.

Just remember, right now, no one else is pulling for a SNDL pullback in this thread, so if you root for that, do so quietly; kind of like betting on the DC at the dice table.

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Whats the risk in selling covered calls? I've been reading that the risk could be infinite if the stock price shoots way beyond the strike price.

I have 200 SNDL shares and was looking to make the covered call play. So would I then SELL TO OPEN, receive the premium, then wait for the expiration date hoping my stocks don't get called out?

Talon2DSO said:

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Fireman said:

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McInnis 03 said:

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K-Bob said:

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Down 7.6k based on Market hours.

I am sure much more now.

---

Are you talking about SNDL or your whole portfolio, because if this goes to $4 and stays above 4 you're going to get rewarded extremely handsomely. Each contract you sold is worth $400 when exercised and your stock was bought for $57.....

---

Yes - this is a good reminder, you're gonna get $400 for every contract, so to lose on your CCs, SNDL would need to exceed $4.00 and hold that level for you to get called out of your shares. Looks likely right now, but July is a lifetime away, so a lot could change in that time period. Not financial advice, but if it were me, I'd be looking for a SNDL pullback and buy back most if not all of your CCs as pot stocks seem to be in favor right now and for the foreseeable future.

Just remember, right now, no one else is pulling for a SNDL pullback in this thread, so if you root for that, do so quietly; kind of like betting on the DC at the dice table.

---

Whats the risk in selling covered calls? I've been reading that the risk could be infinite if the stock price shoots way beyond the strike price.

I have 200 SNDL shares and was looking to make the covered call play. So would I then SELL TO OPEN, receive the premium, then wait for the expiration date hoping my stocks don't get called out?

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Selling covered calls there is little risk. You may lose upside if the stock soars past the strike but no risk to your capital. On the other side if the stock begins to drop significantly most likely you'll be able to buy the call back for a profit then decide that to do with the shares again.

jayelbee said:

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You're gambling on volatile stocks.

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That's true, but in all fairness this is only a small piece of my portfolio. It's my swing account (about 12-13% of total portfolio outside of hard assets) and what I am currently using for income. I tend to mix my positions between small and mid caps. None of these plays are for holding long term.

Challenger 17 said:

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So wish I had the OA options seminar under my belt but I don't. So if MVIS keeps on running and I have 8/20 $15 covered calls should I just keep holding until it dips back then buy back? Not sure the best strategy here.

You have a few options if this thing rolls on like MGNI. Wait for dip and buy some back. Roll out further and up in strike price. This is all I know to do. You could let it ride and hope that in August it is closer to your original strike price and let decay lower the cost of options and buy back.

Hoping the MasterCard news will kick TSNP in the ass. OA maybe right about the coming changes, and us needing to adjust, but the timeline seems to be picking up steam. Maybe sooner than 3 years...

https://www.reuters.com/article/us-crypto-currency-mastercard/mastercard-to-open-up-network-to-select-cryptocurrencies-idUSKBN2AA2WF

DisAg said:

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Hoping the MasterCard news will kick TSNP in the ass. OA maybe right about the coming changes, and us needing to adjust, but the timeline seems to be picking up steam. Maybe sooner than 3 years...

https://www.reuters.com/article/us-crypto-currency-mastercard/mastercard-to-open-up-network-to-select-cryptocurrencies-idUSKBN2AA2WF

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What did OA state? Apologies, I am unable to read all posts daily.

DisAg said:

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Hoping the MasterCard news will kick TSNP in the ass. OA maybe right about the coming changes, and us needing to adjust, but the timeline seems to be picking up steam. Maybe sooner than 3 years...

https://www.reuters.com/article/us-crypto-currency-mastercard/mastercard-to-open-up-network-to-select-cryptocurrencies-idUSKBN2AA2WF

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The cynic in me sees Biden and the Dems rushing on everything that you'd consider globalist, and dropping domestic priorities down the list (i.e., stimulus / covid relief).

I think Trump scared the crap out of them and they know they need to strike while they can (i.e., this year). The last thing they want to do is go into midterms and get murdered and then not have Congressional control anymore.

They're going to push the CCP/globalist agenda as far as they can get it this year.

Hard to see them crashing the dollar this year but yeah, all these data points on big corporations opening up the doors to crypto are canaries in the proverbial gold mine.

oldarmy1 said:

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Ags2013 said:

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SNDL taunting me for going net free

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Once you do not feel this way you will have achieved the disciplined millionaire title. Until then, glad you fought the urge to roll the dice. For every 20 you do you'll get burned and if SNDL finishes its move and drops to $2.50 what would you say? "Man I wish I had gone net free"?

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I hear you.

Mostly Foggy Recollection said:

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I'm more curious how VEON will respond to this. There's a connection there.

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Thought the same thing immediately. The new global partnership is to boost digital financial services Not sure is ties to this though. Maybe. Geez how nice would that be.

CrazyRichAggie said:

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Challenger 17 said:

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So wish I had the OA options seminar under my belt but I don't. So if MVIS keeps on running and I have 8/20 $15 covered calls should I just keep holding until it dips back then buy back? Not sure the best strategy here.

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Wait and see, you won't be called until August.

Plenty of time to get in the Oracle of Aggieland workshop on options and figure out next steps.

Someone give me a single reason I would want to pay for something with Bitcoin rather than dollars, euros or the like?

I don't have any Bitcoin (I wish I did). But paying for dinner or some new shoes with Bitcoin seems maniacally stupid. Ask Chamath.

https://markets.businessinsider.com/currencies/news/chamath-palihapitiya-bitcoin-land-investmet-loss-porn-btc-tesla-2021-2-1030067864

ebdb_bnb said:

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Look at Chamath's tweet about buying a lot in UT. At the time, he paid the equivalent of 1.6mm but today's bitcoin price is equal to $128mm. If this continues, I'd never be in a hurry to buy anything with BTC.

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Exactly. Bitcoin is much more a wealth preservation and hedge vehicle right now than a currency. I'm not in bitcoin but if I were, I wouldn't spend a bit.

Still time to get in on TSCRF- https://www.bloomberg.com/news/articles/2021-02-10/canadian-betting-firm-prepares-u-s-listing-after-266-surge

Recommended buy in Dec at 98 cents->$3.90. I think we go to $8-$10. The brand is like draftkings in Canada. Just need Canadian single game gambling legalization to go through- which looks like it will.

ebdb_bnb said:

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Look at Chamath's tweet about buying a lot in UT. At the time, he paid the equivalent of 1.6mm but today's bitcoin price is equal to $128mm. If this continues, I'd never be in a hurry to buy anything with BTC.

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Lake Tahoe is in Cali and Nevada, but agreed otherwise

I posted and then remembered I could post the tweet. Ha, didn't need another edit.