https://www.sec.gov/news/press-release/2021-46

Quote:

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Washington D.C., March 15, 2021
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company's stock.
According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS), a defunct Nevada company with publicly traded securities, during December 2020. Specifically, the complaint alleges that, on Dec. 9, 2020, Fassari began purchasing over 41 million shares of ARCS stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations, expanding its business, and being backed by "huge" investors. The complaint further alleges that, between Dec. 9 and 21, 2020, Fassari made approximately 120 tweets that referenced "$ARCS," dozens of which were false and misleading. For example, he tweeted, "$ARCS 380,000 indoor cultivation 1 Million+ sq ft processing. WEEEEEEEEE This CEO has big plans for us" and "a ton of news coming and backed by huge investors for its #cannabis operation[.]" In seeking an injunction, the SEC alleges that Fassari continued to tweet about other stocks as recently as January and February 2021.

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astros4545 said:

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SNDL

Can get premiums on covered calls for $6s out to April 16th

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I may actually play the weeklies on a portion of shares for covered calls on any pop here.

FJ43 said:

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astros4545 said:

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SNDL

Can get premiums on covered calls for $6s out to April 16th

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I may actually play the weeklies on a portion of shares for covered calls on any pop here.

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What strike price are you considering? I put about 25% on the $2.5 strikes yesterday for $0.08...

Thinking about putting more on the weekly

Holding NVDA overnight actually worked for the first time in AGESSSSSSSSSSSSSSSSS

And KMPH looks to be perky again today. Squeeze the shorts!

astros4545 said:

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FJ43 said:

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astros4545 said:

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SNDL

Can get premiums on covered calls for $6s out to April 16th

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I may actually play the weeklies on a portion of shares for covered calls on any pop here.

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What strike price are you considering? I put about 25% on the $2.5 strikes yesterday for $0.08...

Thinking about putting more on the weekly

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MT is about 2.89 from the high spike to the low on 3/5. So I may look at the 3/26 2.50s for what I think will be .15 after open or the $3 for .10. More than likely the $3 for what I think will be free money. If is isn't and I am called away for over a 100% return on new shares in less than 3 weeks so be it.

59 South I think is making an art form our of selling weekly covered calls.

Going to be looking at April $AAPL calls with this move over $125 pm.

sts7049 said:

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https://www.sec.gov/news/press-release/2021-46

Quote:

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Washington D.C., March 15, 2021
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company's stock.
According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS), a defunct Nevada company with publicly traded securities, during December 2020. Specifically, the complaint alleges that, on Dec. 9, 2020, Fassari began purchasing over 41 million shares of ARCS stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations, expanding its business, and being backed by "huge" investors. The complaint further alleges that, between Dec. 9 and 21, 2020, Fassari made approximately 120 tweets that referenced "$ARCS," dozens of which were false and misleading. For example, he tweeted, "$ARCS 380,000 indoor cultivation 1 Million+ sq ft processing. WEEEEEEEEE This CEO has big plans for us" and "a ton of news coming and backed by huge investors for its #cannabis operation[.]" In seeking an injunction, the SEC alleges that Fassari continued to tweet about other stocks as recently as January and February 2021.

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Wow that's hilarious. I remember watching this whole thing unfold on Twitter back in December. The guy is a total slimeball.

This QQQ gap up is going to have some people pretty nervous.

McInnis 03 said:

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This QQQ gap up is going to have some people pretty nervous.

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As in pullback ?

FJ43 said:

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McInnis 03 said:

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This QQQ gap up is going to have some people pretty nervous.

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As in pullback ?

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I would think so......people have been waiting for 320 for a few days though so this could actually give them a green light to get buying.

What do I know.

What do people recommend as far as options expiration and pricing?

Sitting on:

3/19 Apple 122 calls and KMPH 10 calls.

Is today going to be peak day to sell, or would they potentially run a bit tomorrow as well? I realize the market prices on these will be the ultimate driver, with decay factored in, but is today or tomorrow the last day going into expiration for peak value?

I'm taking my two May 25calls to the grave.

FJ43 said:

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Mornun!

Early PM we are slightly flat on SPY and green on Qs pressing 320.

Happy to see the uptrend and reversal from mass panic. Just my 2 cents but think now is the time to be cautious with FOMO. From my own past experience this is where it is easy to buy high and sell low.

For me...today hunting carefully for deals and positioning for chop before we run to the moon!

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I went back and looked at every opex week over the last year. Almost always, we end the week flat or down from here. Now we could run a tad more then pullback, per Adam's megaphone he's charted out...and I know you regulars already know this (the chart), just adding for everyone else.

AG 2000' said:

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What do people recommend as far as options expiration and pricing?

Sitting on:

3/19 Apple 122 calls and KMPH 10 calls.

Is today going to be peak day to sell, or would they potentially run a bit tomorrow as well? I realize the market prices on these will be the ultimate driver, with decay factored in, but is today or tomorrow the last day going into expiration for peak value?

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I'd take some profits at the open with it being opex week. Net free if you can get there

BREwmaster said:

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AG 2000' said:

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What do people recommend as far as options expiration and pricing?

Sitting on:

3/19 Apple 122 calls and KMPH 10 calls.

Is today going to be peak day to sell, or would they potentially run a bit tomorrow as well? I realize the market prices on these will be the ultimate driver, with decay factored in, but is today or tomorrow the last day going into expiration for peak value?

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I'd take some profits at the open with it being opex week. Net free if you can get there

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Thanks.

net free on one of the AAPL calls already, this is more about maxing profits on that one.

KMPH I grabbed yesterday, good idea on the initial sell / net free quest.

So I sold WARM last week based on how it'd handled highs before. Was there something I was missing about this time?

cgh1999 said:

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leoj said:

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Going to be looking at April $AAPL calls with this move over $125 pm.

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I bought a handful of $125 calls with a Friday expiration at the open yesterday. Selling half for net free here.

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Was having issues with my internet. By the time I sold, I made an extra $80/contract.

things swinging down a bit today as some of yall predicted.

I prefer they swing way down so I can buy back in, but maybe I will just take a nap instead

Profit taking on small caps and penny stocks IMO

AgEng06 said:

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Net free on WARM now.

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That sound of the order fill on TOS heard here as well!

AgEng06 said:

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Net free on WARM now.

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Same. Let's ride.

AG 2000' said:

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AgEng06 said:

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Net free on WARM now.

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Same. Let's ride.

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That makes 3 of us.

QD seems to be excited.

FJ43 said:

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Profit taking on small caps and penny stocks IMO

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I probably could have done that yesterday with a few but I figured I would wait while longer to see how they play out the next week or two. Stocks like SNDL, TLRY, DNN, KIQ, RIOT etc are mainly what I could have taken but I think most of them are still pretty far from my short term targets so I will wait and see.

The last couple of big bitcoin surges seem to have been over the weekends so it hasnt driven those stocks as hard as they could and the weed stocks got a bump from the NY news but I am waiting for national news again.
DNN and KIQ I am not sure on timing nor what target I want, but I know neither are there yet...lol

I know i was cash short on the last pullback, and missed out on great buys in EBON, SINO and even low prices in WWR, TLRY and SNDL....so I sold a few positions to have more cash on hand just in case that happens again.

Any advice on NXTD? I'm taking a beating. Time to take the L?

PGAG said:

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AG 2000' said:

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AgEng06 said:

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Net free on WARM now.

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Same. Let's ride.

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That makes 3 of us.

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