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Cannabis (Marijuana) Stocks

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Penalty Box
Dec 27, 2013
8003 posts
3924 upvotes
Toronto
pujols wrote:
Nov 8th, 2018 12:06 am
When you sold the call, you were happy to part with those shares at $10 and collect the premium, correct? If so, it's probably best just to wait it out...if your shares get called away, you will have still sold them for a gain. Things can change quickly so it can be dangerous to chase and buy back the calls now due to FOMO.

I was in the same situation back in early September - I had sold covered calls on APH but started to feel FOMO when it looked like APH was heading back to all time highs...I ended up buying back the calls on a pullback (for a gain) which turned out to be a mistake since the calls ended up expiring worthless anyway. Lesson learned - I had a plan and should have stuck to it!
yea, not acounting for commisions, I would make $100 on the shares and $40 on the call premium.
so i was happy to take that bet.

my question was more if I should buy some more ACB given the surge and if the surge will continue. Another 500 shares on a $1 swing upwards is $500 in a day. could sell some covered calls on that as well for next week as well. so good wins if trend continues. dont mind holding long term either and just selling covered calls routinely to profit.

even the call premium at $40 on a a $900 trade, i mean thats 3% in under 2 weeks. great return.
Deal Addict
User avatar
May 6, 2010
2561 posts
197 upvotes
Markham
I don't get why share prices jump because Sessions is out. Everyone knows that he will be out after the mid term election, just a matter of when.
Deal Fanatic
Apr 25, 2006
5029 posts
511 upvotes
dec12 wrote:
Nov 8th, 2018 8:49 am
I don't get why share prices jump because Sessions is out. Everyone knows that he will be out after the mid term election, just a matter of when.
That is why sell off in the AM rather a gap up open :(
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Addict
Nov 14, 2006
1476 posts
610 upvotes
GTA
Looks like gap down to start, will wait 30 mins in to see where we go and if there is even a play today for me.

EDIT: TRUL RTI looking to gap up
Deal Addict
User avatar
May 6, 2010
2561 posts
197 upvotes
Markham
The downside, not meaning to jinx or anything, is that shares could go south, really fast before expiry date. Now, you might stuck with a paperloss for a measly $40 premiums.

See Cron, ACB, et al prices around mid week of October.
daivey wrote:
Nov 8th, 2018 8:09 am
yea, not acounting for commisions, I would make $100 on the shares and $40 on the call premium.
so i was happy to take that bet.

my question was more if I should buy some more ACB given the surge and if the surge will continue. Another 500 shares on a $1 swing upwards is $500 in a day. could sell some covered calls on that as well for next week as well. so good wins if trend continues. dont mind holding long term either and just selling covered calls routinely to profit.

even the call premium at $40 on a a $900 trade, i mean thats 3% in under 2 weeks. great return.
Deal Addict
Nov 14, 2006
1476 posts
610 upvotes
GTA
jerryhung wrote:
Nov 8th, 2018 9:44 am
APH gave back yesterday's mere +4% gain

TLRY -10% after +30% yesterday
You looking at playing today?

S&P recovering slowly, I may wait it out and check back tomorrow to see how we settle today

EDIT: not much volume either
Deal Addict
User avatar
Jul 11, 2011
3350 posts
1764 upvotes
Ontario
lilmikey wrote:
Nov 8th, 2018 10:07 am
You looking at playing today?

S&P recovering slowly, I may wait it out and check back tomorrow to see how we settle today

EDIT: not much volume either
Watch for the fed news at 2PM -- actually start watching around 1PM, news always leaks!
Deal Addict
Nov 14, 2006
1476 posts
610 upvotes
GTA
hebsie wrote:
Nov 8th, 2018 10:09 am
Watch for the fed news at 2PM -- actually start watching around 1PM, news always leaks!
I'll try and be by a CPU after lunch

S&P needs to break and close above 281 , errrrrrrr
Whats doggie saying?
Deal Addict
Feb 27, 2015
2785 posts
897 upvotes
Toronto, ON
1 or 2 pm Toronto time....

Damn that's like 4am Tokyo time.

Buying now, and setting a stoploss.
Deal Addict
User avatar
Jul 11, 2011
3350 posts
1764 upvotes
Ontario
lilmikey wrote:
Nov 8th, 2018 10:14 am
I'll try and be by a CPU after lunch

S&P needs to break and close above 281 , errrrrrrr
Whats doggie saying?
I'm walking him before 1PM today, not taking any chances here!
Deal Addict
Nov 14, 2006
1476 posts
610 upvotes
GTA
JRGUINNESS wrote:
Nov 8th, 2018 10:21 am
1 or 2 pm Toronto time....

Damn that's like 4am Tokyo time.

Buying now, and setting a stoploss.
Tokyo one of my favorite cities when I traveled Asia years ago, the people, the transit , clean streets, food, enjoy.
Deal Addict
Feb 27, 2015
2785 posts
897 upvotes
Toronto, ON
lilmikey wrote:
Nov 8th, 2018 10:29 am
Tokyo one of my favorite cities when I traveled Asia years ago, the people, the transit , clean streets, food, enjoy.
Yea. This place is amazing!

Def coming back.

VRT popped this morning.

Looking to scalp BE. It's a shitty stock, but should be an easy .225 to .25 flip.

Order placed.

Edit.

Price dropped before I could place it. Thankfully!!!

Scrap that idea.
Last edited by JRGUINNESS on Nov 8th, 2018 10:58 am, edited 2 times in total.
Deal Addict
Nov 14, 2006
1476 posts
610 upvotes
GTA
JRGUINNESS wrote:
Nov 8th, 2018 10:50 am
Yea. This place is amazing!

Def coming back.

VRT popped this morning.

Looking to scalp BE. It's a shitty stock, but should be an easy .225 to .25 flip.

Order placed.

BE

Code: Select all

Level II Quotes
Orders	Shares	Bid	Ask	Shares	Orders
5	45,500	0.215	0.22	34,000	7
9	172,000	0.21	0.225	57,500	6
4	52,000	0.205	0.23	122,500	11
18	130,000	0.20	0.235	60,000	7
4	53,000	0.195	0.24	65,500	9

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