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Alias Born | 05/10/2019 |
Friday, August 16, 2024 11:09:28 PM
The Aug 16 2.5x calls, and above, printed for those who sold after March but I feel bad for the big player(s) who sold the calls in February and January this year before the run-up. After doing some “research” I learned that the early Aug 16 2.5c sellers were forced to buy a load of shares (as well as OTM calls) to cover the position which likely contributed to the move from 1.35 to 2.93. Hindsight, amirite, most players don’t like to lament on losses which is why I’m just hearing about this trade. We’re not talking big money as the 2.5mm shares allocated in the open calls are a mere $6.25mm worth of shares to deliver but symbolically, it’s always interesting to hear about a large bet that goes south in the same way it’s fun to rubberneck a high stakes parlor game. Apparently between the premiums generated from selling the calls and the subsequent potions required to cover, the overall position was no great loss.
Anywhooooo, my Aug 16 cover calls expired worthless and I was able to buy back 2 strike covered calls at a lower cost basis so this month has been fruitful. Premiums baby, premiums. Gordon Gecko taught about corporate takeovers, but today’s Bud Foxes’ don’t care about owning the pasture when they can endlessly profit from milking the cows dry. The house may always win but that doesn’t mean the neighbors can’t join in. Yada, yada….
On to the next week, next month, next moment…I may buy some more leaps on Monday cause my sources say some fundamental developments are inevitable, always selling calls into pops, won’t short puts here cause I don’t need more shares. SNDL kinda sucks for the short terms but LFG.
I have much more to say about the cannabis industry as a whole….corporate interests have decimated the small players, aka retail shops that were the grassroots of the burgeoning industry, growers have long since sold out and been replaced by industrial ops. The next onslaught will be the marketing of cannabis to the USA, as if D.A.R.E never existed and we all accepted the medical efficacy of cannabis since its first documented use 5000 years ago.
Toe-tapping on the DEA rescheduling at which point the money flow cascades.
A quick informational note; Prior and current US law prevents public companies from involvement with companies dealing in substances classified by the DEA as Schedule 1 narcotics. Current dispensaries and grow ops in legal states STILL must use cash to process operational expenses like payroll, rent and even states/federal taxes!!! Despite states legalizing cannabis, major banks and public financial institutions are not allowed to invest or offer traditional financial services to companies “close to the plant”.
Well, when the DEA reschedules cannabis to Schedule 3, then those restrictions are removed. Hedge funds and venture capital can invest without penalty. Banks can loan money to credible cannabis related entities without fear of fines. Bonds can be issued for cannabis companies to expand their ventures. The dam will break, money will flow.
This industry will be massive and SNDL not only has their foot in the door, the company has half their body inside with a battering ram (banks, funds) standing in the doorway ready to breach with great force.
Recent SNDL News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 08:53:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/13/2024 12:41:58 PM
- SNDL to Acquire Remaining Minority Interest of Nova Cannabis • PR Newswire (Canada) • 08/13/2024 11:00:00 AM
- SNDL to Acquire Remaining Minority Interest of Nova Cannabis • PR Newswire (US) • 08/13/2024 11:00:00 AM
- SNDL to Acquire Remaining Minority Interest of Nova Cannabis • PR Newswire (Canada) • 08/13/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/02/2024 12:39:21 PM
- SNDL Reports Second Quarter 2024 Financial and Operational Results • PR Newswire (Canada) • 08/02/2024 02:10:00 AM
- SNDL Reports Second Quarter 2024 Financial and Operational Results • PR Newswire (US) • 08/02/2024 02:10:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2024 09:03:56 PM
- SNDL Announces 2024 Annual General Meeting Results • PR Newswire (Canada) • 07/30/2024 09:45:00 PM
- SNDL Announces 2024 Annual General Meeting Results • PR Newswire (US) • 07/30/2024 09:45:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/22/2024 03:05:55 PM
- SNDL to Announce Second Quarter 2024 Financial Results on August 2, 2024 • PR Newswire (Canada) • 07/19/2024 09:38:00 PM
- SNDL to Announce Second Quarter 2024 Financial Results on August 2, 2024 • PR Newswire (US) • 07/19/2024 09:38:00 PM
- HSBC Names New CEO, Tesla Moves Headquarters to Texas, ASML Faces Trade Restrictions, GitLab Considers Sale • IH Market News • 07/17/2024 10:26:41 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/16/2024 03:14:20 PM
- SNDL Announces Overheads Restructuring Project and Operational Adjustments • PR Newswire (Canada) • 07/16/2024 11:00:00 AM
- SNDL Announces Overheads Restructuring Project and Operational Adjustments • PR Newswire (US) • 07/16/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/08/2024 03:19:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/08/2024 03:18:29 PM
- SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status • PR Newswire (US) • 07/06/2024 01:15:00 AM
- SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status • PR Newswire (Canada) • 07/06/2024 01:15:00 AM
- SNDL Enters into a Stalking Horse Purchase Agreement for Indiva Limited's Business and Assets • PR Newswire (Canada) • 07/05/2024 11:48:00 PM
- SNDL Enters into a Stalking Horse Purchase Agreement for Indiva Limited's Business and Assets • PR Newswire (US) • 07/05/2024 11:48:00 PM
- KCSA Cannabis Virtual Investor Conference Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 06/06/2024 12:35:00 PM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM