OPENING: TLRY SEPTEMBER/JULY 6/10 LONG CALL DIAGONAL

26 mai 2020

Back to the "Weed Well" immediately post earnings with 30-day still ginormous at 198% while I wait for June opex ... .

Metrics:

Max Loss: 2.89/contract
Max Profit: 1.11/contract
Debit Paid to Spread With Ratio: 72.2%
Break Even: 8.89 versus 10.01 spot

Notes: Extrinsic collected with the short call far exceeds that in the long, so I make money if it just sits here or does anything but drop below the break even at 8.89. If it doesn't approach near max at July expiry, I'll look to roll out the short call for additional cost basis reduction.

29 juin 2020

Transaction en cours

Rolling the 10's down and out to the 9's in August for a .46 credit; scratch at 2.43.

11 août 2020

Transaction en cours

With the 9 approaching worthless, rolling it out September for a .19 credit. Scratch at 2.24. It's now a static September 6/9 long call vertical with an 8.24 break even.

12 août 2020

Transaction en cours

Extended duration of the long by rolling to the Jan 15th 7.5 for a .06 credit, so now I've got a Jan 7.5//September 9 long call diagonal on. Will just continue to nip away at my cost basis. I probably could have done the roll out of the short call and the extension of duration as one order ... .

25 août 2020

Transaction en cours

As with CRON, rolling the short call down and out on approaching worthless to the October 16th 8 call for a .19 credit. Scratch at 1.99.

9 oct. 2020

Trade fermée manuellement

Election/retirement flat.