{"id":10500,"date":"2021-02-10T15:58:11","date_gmt":"2021-02-10T20:58:11","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10500"},"modified":"2021-02-10T15:58:11","modified_gmt":"2021-02-10T20:58:11","slug":"grasshopper-trade-not-for-grasshoppers","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10500","title":{"rendered":"Grasshopper Trade Not for Grasshoppers"},"content":{"rendered":"<p>Reddit is causing more volatility in the market. This time it&#8217;s with the pot growers. I decided to take a flyer with the lowest priced pot stock and see what happens. I made a trade with Sundial Growers (SNDL). Believe it or not the stock traded over 2 billion shares today. I never saw anything like this before. I checked the options and they have a premium of 20.8% for the <strong>At-the-Money<\/strong> Calls. I bought 5000 shares at $2.88 and sold 25 2\/12\/21 $3 Calls for 60\u00a2 for $1500. I left 2500 shares with no Calls sold against them to see what happens tomorrow.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 5000 Shares SNDL @ $2.88<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 25 SNDL 2\/12\/21 $3.00 C @ 60\u00a2 (+$1500)<\/strong><\/p>\n<p>I&#8217;m giving this trade a <strong>Risk Factor 4<\/strong>. I have no idea where this stock can go. Therefore this is not a Grasshopper trade, but it&#8217;s at Grasshopper trade numbers.<\/p>\n<p>Wish me luck!<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reddit is causing more volatility in the market. This time it&#8217;s with the pot growers. I decided to take a flyer with the lowest priced pot stock and see what happens. I made a trade with Sundial Growers (SNDL). Believe it or not the stock traded over 2 billion shares today. I never saw anything [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10500","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Jm","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10500"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10500\/revisions"}],"predecessor-version":[{"id":10501,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10500\/revisions\/10501"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}