| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 09/27/2018 | Binck | – Call | 1 | 1.80 |
Notes:
TLRY took almost 20% today while most other cannabis stocks were down. That’s not really sustainable.
I decided to sell one more short term call, but this time at strike 550, just in case. I also learned that for RCS in stocks, they’re always considered naked shorts. So basically, even if I have protection it eats my margin. Based on my calculation, I need indeed to have a spot superior to 500 to have a margin call and by then my long calls kick in. I doubt we’ll see it go much higher. Could get to 150 though.
note: Closed on 12/10 paying $350 and earning $750. I preferred to close it to reduce the margin on this naked call.