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

2020年5月26日

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.

2020年6月29日

交易進行

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

2020年8月11日

交易進行

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.

2020年8月12日

交易進行

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 ... .

2020年8月25日

交易進行

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.

2020年10月9日

手動結束交易

Election/retirement flat.