GW Pharmaceuticals Plc ADS (GWPH)

[aparatchik]

defensive & upside tips?

I see all of you adventurers actively trading this stock, and no doubt reaping solid benefits from the swings in price. Personally I've always been a fairly passive investor. Lately though, I've been reading up on options trading, but have not reached a level of comfort sufficient enough to dip my toes in the water.

To help educate me further, I figured a practical challenge might help generate some interesting insights/trading ideas, so consider this:

- I currently hold 200 shares at 14/share

- I've sold a small stake to cover my original purchase price, so it could drop to zero and I'd be whole. that doesn't mean I didn't feel the sting of seeing it drop into the 40's, though...

- I'm concerned about both having the bottom drop out AND/OR missing the Big Run Up

With the above info, I'm curious to know what your ideas would be for a more active strategy to leverage my stake in protecting what's there, and potentially generating additional returns. What would you do?