Drugs and tech

I

IronFist

This is my portfolio of drug and nerd stocks.

We won't talk about my manner for ending up with such horrible positions, but they are as follows:

SNDL (marijuana) - 2,400 shares @ .91 average cost
2 Jan 20 .5 C @ 0.59 average cost
1 Jan 19 .5 C @ 0.38
1 Jan 19 1 C @ .28
2 Jan 19 1.5 C @ .25
Open orders to buy 200 shares @ .5
Open orders to buy 1,000 shares @ .30
Open orders to buy 1 Jan 19 1.5 C @ .15
Open orders to buy 2 Jan 19 .5 C @ .15

MNMD (mushrooms) - 200 shares @ 1.94 average cost
Open order to sell 2 Jan 21 C at $0.10

CRSR (memory) - 4 shares @ $25.59

CMPS (mushrooms) - 2 shares @ 43.65

DPRO (drones) - 200 shares @ 1.94
1 Jan 21 2.5C short at 0.2
Open orders to sell 1 Jan 21 2.5 C @ .1

WISH (market) - 1 shares @ 13.52

Overall profit is - 33% approx
 
Good for you. I want to give you that famous Nancy Pelosi Hand clap she gave The Donald at his State of the Union Address. By the way what is that Mushroom Crap about? Can I make Koolaid with them?

 
Update:

SNDL - 2,600 shares at @.88
2 Jan 23 .5 calls @ .59
2 Jan 24 .5 calls @ .32
1 Jan 24 1 call @ .28
3 Jan 24 1.5 calls @ .22

MNMD - 400 shares @ 1.80
order to buy 100 shares @ .89
1 Mar 22 .5 put (long) @ .03
2 Mar 22 1 put (short) @ .10
order to sell 1 Mar 22 1 put @ .15
order to sell 1 Mar 22 1 put @ .20

CRSR 4 @ 25.59

CMPS 4 @ 29.32

ME 2 @ 3.99

DPRO 300 @ 1.68

WISH 1 @ 13.52
 
I was going to sell some covered calls for 2.50 for DPRO (2.50 is the lowest price available). The only ones that weren't 0 were the ones 125 days out. Kind of far. They are.20.

Today DPRO is up 16%.

I checked those calls and they were .25.

But the 30 day calls were 0.05.

0.05 is too little

125 days away is too far for only .25.

They're back to .20 anyway.
 
I had an order to sell a MNMD 1.00 put for
.14. Today, even though the bud ask was .07 .10, my order passed.

I now have 3 short 1.00 mar puts at an average cost of .11.

The plan is to lower my average cost to under 1.50 and then sell 1.50 calls.

So if these expire itm I'll take the shares... If not I'll buy more.
 
Last edited:
If my puts expire ITM My average cost on MNMD will be $1.45 which is less than $1.50 so my goal is achieved.

If they do not, I'm hoping MNMD isn't too far about $1 so I can buy more at a low price.

I have one order sitting at .89. I am not buying additional even if under $1.00 because I don't want to spend too much on it right now.

I have to tell you, I accidentally bought some at $1.07 the other day. I submitted what I thought was a limit order for $1.00, but when I hit send, apparently it was a market order. I feel this is a flaw in Think or Swim web, because when I was clicking the down arrow to change the price to $1.00, and I did, the menu refreshed itself in a different place and I must've clicked "market" which was where the other button used to be. I did not observe as it happened and when I clicked "submit" order it was a market order, so it got filled at $1.07.

I immediately called Think or Swim and asked what happened. They said it was a market order. I said no, I pressed the minus button to lower the price to $1.00. I said bro, I watched the price lower to $1.00 before I clicked submit. There's no way you can wash this trade can you?

So I'm filled at $1.07.
 
DPRO was up >90% today but closed around 40%.

Thinking about selling some calls. However, I was going to sell some $2.50 puts but price has already dropped below $2.50 again. I wonder why it spiked so high and then quickly came back down. Perhaps people were selling for a quick gain.

My MNMD puts expired OTM so I didn't get the shares.
 
So I didn't sell any SNDL CCs this week because earnings was supposed to be 3/30. But they posted something saying they are using a different team to do it and it will be ready sometimes before the 14th. So... any time before then I think.

DPRO's earnings were today at 4pm CST. Basically nothing happened.

I'm trying to not sell calls until earnings comes out because I don't want to have my $1.50 covered calls get exercised after price goes to $60.

MNMD earnings were 3/30. Little changed and the premiums are super low now.

I sold one $1.00 csp MNMD for $0.04 today.

Excluding this, my positions are the same as above.
 
Well, I do not understand earnings.

Yesterday Think orSwim said DPRO earnings were 3/31 4pm CDT.

There was a link today to the earnings call.

Today Think or Swim says DPRO earnings are 4/1 4pm CDT.

Wonder if they'll change it again.
 
You must log in or register to reply here.
Back
Top