McInnis 03 said:
Our old friend SNDL is catching my interest here.......thinking of selling $1 Jan puts for .38 and loading up on $1 jan calls for $.1
Worst case scenario you're buying SNDL at today's price basically, best case, you get pop between now and then and you sell the calls and buy the puts back.....
update: CRAP, just noticed earnings today.
If you really want to juice the goose, check this out...
I'm looking at April now....sell $1p for $.42, buy $.50p for $.10.....so your buying power is a $.50 hit minus the credit of $.32 so your buying power hit is $.18.
Then you buy 2 of the $1 call for each credit you take in ($.32) Any nice pop that SNDL gets between now and then you look at selling the calls on teh rip and buying back put spreads also which will be cheaper.
Perhaps I'm over thinking things.