Mj
Closing (IRA): MJ May 21st 18 Short Put... for a .14/contract debit.
Notes: In for .48/contract (See Post Below) and out for .14 here with 28 days to go. .34 ($34) profit per contract. 30-day's still pretty decent here at 45+%, so will consider re-upping in June (56 Days) some time next week.
$AGSO Massive Subsidiaries And Upcoming Catalysts. PT - $10+MASSIVE DD Packet Compilation created today of upcoming events and catalysts:
t.co
NRG currently has 20+ trucks operating in 9 states across the Mid
south and Western states. NRG Dynamics is a modern fleet
coupled with forward thinking when it comes to technology and
operations. They operate completely cloud-based. Considered a
specialized carrier with primary focus on MC-331 Tanker, Hauling
Liquid Petroleum Gases with Access Agreements or almost every
loading facility in the West. During the summer months, part of
the fleet is converted to run liquid asphalt (hot oil) and emulsions
for road construction. ABOUT US (titannrg.com)
NRG RAIL:
- RailYard officially turned over for use to NRG Rail from Union
Pacific Nov. 20’ The company will be transloading (pictured
above) until they begin Phase 1 of the terminal construction
which has already been permitted. The Rail yard is composed of
18 rail spots currently and will also feature 9 dual sided towers
holding 1.2M gallons of LNG storage on site.
- Phase 1 begins with 5 towers, 360k gallons of storage, and two
loading racks installed in '21. At that time, the transloader will be
retired and the operation will commence operating as a
Liquefied Petroleum Gas terminal in Tucson, Arizona.
Ape Fuels:
- Retail propane provider serving southern Arizona since 2001 by
new board of directors member Ginger Cunningham. 1500 leased
tanks, 2000+ customers and additional service trucks.
Vespene LLC :
- Originated in 2011, Vespene LLC provides Titan NRG Partners with
wholesale products. It purchases products from the refineries
and other various suppliers in the area.
You can find the rest of the massive DD in the link provided!!!
PT $10+
$VMHG Revs 47% Y2Y Profits 148% Y2Y New Global IR Firm News!!!Victory is up nearly 100% after dropping stellar news today about its financials and announcing the establishment of a global IR firm that has over 26 years of experience in IR, PR and investment banking relations.
Put that together with the amazing results we got for the 2020 year ended and you can see why my PT for this is still over $25+
This management team has been working hard over time behind the scenes to get the job done, and I believe this will be the first of many updates as the company continues to grow in the boating and yacht community.
The Week Ahead: EWZ, MJ, XLE, IWM/RUT Premium SellingHighly Options Liquid Single Name With Earnings in the Rear View Mirror Ranked by 30-Day Implied With a 30-Day >50% and a Share Price >$10:
FCEL (0/104)
M (11/75)
CCL (0/59)
PLAY (0/59)
CHWY (0/52)
Highly Options Liquid Exchange-Traded Funds Ranked by 30-Day Implied With a 30-Day >35%:
EWZ (8/73)
MJ (2/51)
XLE (0/48)
XRT (2/41)
GDXJ (6/41)
LIT (18/38)
XBI (36/36)
Broad Market Exchange-Traded Funds Ranked by 30-Day:
IWM (1/27)
QQQ (0/23)
SPY (0/16)
Musings:
If it isn't obvious, the number of exchange-traded funds with a 30-day implied volatilty percentage >35% have dwindled dramatically over the past several weeks, limiting premium selling opportunities if you're not interested in playing single name. That being said, it's not a bad time to relax a little bit, allow plays you've put on in higher volatility to play out, and wait for "the next one," whether it be in the market as a whole, or in a given sector. Since I've already got plays on in EWZ and MJ (See Posts Below), I may consider something in XLE, with the caveat being that its implied is low in the 52 week range, with the monster volatility pop we had in 2020 still holding sway over where current levels are relative to where they've been.
All that having been said, I'm in the mode of generating "cash flow" regardless of the volatility environment, and so will likely continue to programmatically sell my weekly, 45 days 'til expiry short put in the broad market exchange-traded fund having the highest implied volatility, which here is IWM, along with adjusting any rungs of my longer-dated SPY short put ladder to window dress, take profit, or add units to generate credit and keep that theta pile on and burning. I'd naturally prefer higher volatility to muck about in, but can't have everything.
MJ is Where the Rubber the Meets the RoadMJ faces a key test of support as mj stocks continue to roll over and challenge important levels.
A break of lateral price support could bring in lower levels to test including the trendline and deep 200-d MA rising support.
Closing (IRA): MJ April 16th 18 Short Put... for .09/contract.
In for .63, (See Post Below), out for .09. .54 ($54) profit per contract. Still have May 21st 18s on.
Opening (IRA): MJ May 21st 18 Short Put... for a .48/contract credit.
Notes: High 30-day at 64.9%. Selling the 15 delta strike here. 2.74% ROC at max as a function of notional risk. Will take profit on approaching worthless or, if in the money, take assignment and sell call against.
The Week Ahead: MJ, ICLN, LIT, QQQOptions Highly Liquid Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
MJ (39/75) (Cannabis)
ICLN (10/56) (Clean Energy)
LIT (36/47) (Battery)
JETS (2/46) (Airlines)
EWZ (5/43) (Brazil)
XBI (29/43) (Biotech)
XLE (8/42) (Energy)
SMH (28/41) (Semiconductor)
KRE (8/40) (Regional Banks)
SLV (10/38) (Silver)
Broad Market Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
QQQ (13/30) (Nasdaq)
IWM (6/30) (Russell 2000)
SPY (3/20) (S&P 500)
DIA (1/19) (Dow Jones)
EFA (3/16) (MSCI ex. Canada/U.S.)
There isn't a May 7th weekly yet for my standard 45 day 16 delta short put, but will look at putting that on once it becomes available. Naturally, the implied volatility picture may have changed at that point; small caps have had the most implied volatility for several weeks running.
Bond Funds:
TLT (21/22) (20 Year+ Treasuries) (Yield 1.66%)
EMB (11/14) (Emerging Market) (Yield 3.97%)
HYG (12/12) (High Yield Corporate/Junk) (Yield 4.79%)
AGG (37/11) (U.S. Aggregate) (Yield 2.13%)
The Pictured Trade:
Featured here is an MJ May 21st (61 Days) 19 short put set up at the 18 delta strike in the May monthly. Paying .80 at the mid price as of Friday close, it has an 18.20 break even and a 4.40% return on capital at max as a function of notional risk. Naturally, it's a little bit long-dated if you like to try to keep things in that 45 until expiry or shorter wheelhouse. I don't have a ton on in May yet, so may do a smidge here, do a smidge next week, etc., so that I disperse risk over duration, rather than going all in everything at the top of the list with 45 days to go.
An alternative defined risk play is the 14/19 5-wide short put vertical, paying .70 as of Friday close on buying power of 4.30 -- a 16.3% return on capital at max as a function of buying power.
CRON - Daily long term overviewCycle wave 3 underway. primary wave 2 not yet finished.
As long as CRON is above $9, it should go to $27 then $44 eventually.
No time scale given, this could take a year or two to play out. This is a mid-long term hold strategy.
The Week Ahead: MJ, SRNE, INO, NKLA, XOP, ICLN, IWM PremiumLooking for the juice? Here's where it's at ... .
Options Highly Liquid Single Name >$10/Share With Earnings in the Rear View, Sorted By 30-Day with a >50% Cut-Off:
CRON (43/236) (Cannabis)
AMC (21/218) (Theatres)
TLRY (40/185) (Cannabis)
SRNE (5/165) (Biotech)
INO (4/145) (Biotech)
ACB (11/127) (Cannabis)
NKLA (12/125) (EV)
CGC (23/99) (Cannabis)
NCLH (4/99) (Cruise Lines)
NIO (34/97) (ADR; EV)
M (5/80) (Retail)
IQ (13/75) (ADR; Internet)
RCL (2/72) (Cruise Lines)
DKNG (5/69) (Online Gambling)
CLDR (6/64) (Software)
JD (28/61) (ADR; Internet Retail)
DDOG (19/61) (Software)
GPS (10/54) (Apparel)
AEO (1/52) (Apparel)
Options Highly Liquid Exchange-Traded Funds, Sorted By 30-Day, With a >35% Cut-Off:
MJ (47/80) (Cannabis)
XOP (6/57) (Oil and Gas)
ICLN (10/54) (Clean Energy)
LIT (40/52) (Battery Tech)
JETS (1/46) (Airlines)
EWU (3/46) (United Kingdom)
XBI (20/44) (Biotech)
EWZ (3/43) (Brazil)
XLE (6/41) (Energy)
GDX (3/39) (Gold Miners)
KRE (6/38) (Regional Banks)
SLV (8/38) (Silver)
XLK (7/36) (Technology)
Broad Market, Sorted by 30-Day:
IWM (7/31)
QQQ (10/31)
SPY (3/20)
DIA (0/20)
EFA (2/15)
The Pictured Trade:
Depicted here is an MJ July 16th (124 DTE) 17 short put, which was paying 1.11 at the mid price as of Friday close, 6.99% ROC at max as a function of notional risk (20.6% annualized). This is quite a bit more long-dated than I like to go generally, so I'll probably wait for a May monthly to open up (probably next week after the March monthly drops off) before considering doing anything. Similarly, neither ICLN, LIT, nor JETS have May monthlies yet and April will have a gotten a bit short in duration (currently 33 DTE) for those like me who prefer to work with a 45 day or less wheel house.
Objective long entry for MJ As MJ has corrected 42% from the recent high, it offers an objective long entry as it is bouncing on triple support: down trend line since September 2018, horizontal support, and recent up trend line since November 2020.
$VMHG Consolidates/Begins its next major leg into Pink CurrentCheck out the major DD compilation below
PT $20-$25 LT
The Week Ahead: WKHS, TLRY, NKLA, ACB, MJ, TAN, ICLN, IWMI'm doing a quick and dirty this week just to give me a sense of where premium is at ... .
Highly Liquid Single Name With Earnings in the Rear View Ranked by 30-Day Implied Volatility:
WKHS (27/232) (EV)
TLRY (13/193) (Cannabis)
NKLA (15/138) (EV)
ACB (6/124) (Cannabis)
SPCE (30/120) (Aerospace)
PLUG (39/113) (Alternative Energy)
NIO (41/107) (EV)
TEVA (11/103) (Pharmaceuticals)
TSLA (30/103) (EV, Alternative Energy)
NCLH (6/95) (Cruise Lines)
Highly Liquid Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
MJ (39/76) (Cannbais)
TAN (47/71) (Solar)
ICLN (10/56) Alternative Energy)
KRE (9/54) (Regional Banking)
LIT (41/53) (Alternative Energy)
JETS (41/53) (Airlines)
SMH (21/46) (Semiconductor)
EWZ (7/46) (Brazil)
XLE (3/46) (Energy)
XBI (27/45) (Biopharma)
Highly Liquid Broad Market Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
IWM (13/35) (Russell 2000)
QQQ (13/32) (Nasdaq)
SPY (8/24) (S&P 500)
DIA (3/22) (Dow Jones)
EFA (6/19) (Global Equity, ex. Canada/U.S.).
$MTPP New CEO and Possible New company moving into ShellFrom Grey to Pink last year Form D filed in February for new CEO
The company "ME Renewables Limited" might be moving into the shell
opencorporates.com
archive.fast-edgar.com
100 Million preferred shares was also given to the new CEO so we shall see what they have in store for us here.
$LTUS New Officers, S/S Updated and Small Float$LTUS Has all the makings of a runner and has been getting steadily accumulated the last few days. Keeping an eye here. PT with the current S/S $5+
$CBGH Continues Ahead of Merger and Acquisition PT $10$CBGH Management put out a tweet on the 25th of February stating that they now have 3 candidates on the short list out of 10 for Mergers and Acquisition and that the process was still in the negotiation stages.
twitter.com
Price target $10+
The Week Ahead: MJ, LIT, ICLN, IWM/RUT, TNXOptions Highly Liquid Single Name With Earnings in the Rear View Mirror, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price:
AMC (24/221/50.6) (Movie Theatre)
TLRY (26/162/44.7) (Cannabis)
ACB (3/120/33.9) (Cannabis)
NKLA (12/128/30.9) (EV)
PLUG (44/114/30.7) (EV, Hydrogen)
SPCE (22/106/28.9) (Space Tourism)
CRON (47/104/28.3) (Cannabis)
CGC (20/97/24.1) (Cannabis)
M (18/95/21) (Department Store)
PBR (16/117/18.7) (Petro)
Options Highly Liquid Exchange-Traded Funds, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price:
MJ (40/76/22.1) (Cannabis)
LIT (46/57/15.5) (Lithium and Battery Tech)
ICLN (9/53/14.5) (Global Clean Energy Index)
EWZ (16/54/13.6) (Brazil)
JETS (2/48/13.3) (Global Jets)
SLV (30/49/12.4) (Silver)
XRT (22/56/11.6) (Retail)
XBI (24/41/11.2) (Biotech)
XLE (9/49/11.2) (Energy)
KRE (14/69/10.9( (Regional Banking)
Broad Market, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price:
IWM (18/36/9.5) (Russell 2000)
QQQ (17/33/8.7) (Nasdaq)
SPY (14/26/6.4) (S&P 500)
DIA (7/24/6.1) (Dow Jones)
EFA (18/19/5.7) (Global, ex. Canada/U.S.)
Bond Funds, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price:
TLT (23/27/4.9) (20+ Maturity Treasuries) (1.63% Yield)
EMB (12/18/2.9) (Emerging Market Bonds) (3.99% Yield)
HYG (17/15/2.8) (High Yield Corporate/Junk) (4.82% Yield)
AGG (19/9/2.2) (U.S. Aggregate Bonds) (2.15% Yield)
Comments:
For a number of weeks running, implied remains high in the cannabis sector, with TLRY, ACB, CRON, and CGC at the top of the single name list, and MJ at the top of the ETF list. Pictured here is a plain Jane MJ April 16th 16 delta short put, which paid .63/contract as of Friday close, a potential 3.63% ROC at max, 28.2% annualized at max as a function of notional risk.
Lithium and battery tech follows with the April (47 days) at-the-money short straddle paying greater than 15% and the April 15th 16 delta 51 short put paying 1.18 at the mid as of Friday close, a potential 2.37% ROC at max as a function of notional risk (18.4% annualized).
The ICLN April 16th 17 delta 22 short put paid .47 as of Friday close -- 2.18% ROC at max as a function of notional risk (16.9% annualized).
On the broad market front, IWM 30-day implied finished the week at >35%, followed by QQQ action at just a nibble under that mark at 33. The IWM April 16th 16 delta at the 189 was paying 3.05 (1.64% at max); the QQQ April 16th 16 at the 275, 4.15 (1.53% at max).
An honorable mention goes out to the T-bill and TLT shorters (who knew that trading T bills could be fun?) who shorted TLT or /ZN at pandemic highs, only to see yields on the ten-year T's move from .50 to 1.5 (and TLT from the 170's to finish Friday's session at 143 and change.
MJ about to get highGeneral Explanation of MJ
MJ is the first cannabis-focused ETF to trade in the US. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing, or distribution of cannabis products for either medical or nonmedical purposes. The index identifies companies that legally derive more than half their revenue from cannabis-related activities. MJ also holds stocks of companies that trade or produce tobacco products, fertilizers, plant foods, pesticides, equipment for cannabis or tobacco. The fund initially did not include US companies due to its prohibition at the federal level but changed after new legislation. The index is reconstituted and rebalanced quarterly. Prior to Dec. 26, 2017, the fund was called the Tierra XP Latin America Real Estate ETF and tracked an index focused on Latin America real estate companies with the ticker LARE. Before Feb. 9, 2018, the fund traded under the ticker MJX.
Technical Perspective:
-We can see that the bearish trend From September 2018 - March 2020 has been broken. The price found its bottom on 8.67
-After breaking the descending trendline, we had a strong bullish movement towards 34.50 and, after that, a 36% correction to current levels
-We can see that we have a huge support zone between 23 and 25. If the price stays above that level, we can take it as a good signal of buyers in the zone which eventually can push the price higher.
-We consider that if the price reaches 27.5, that will be a confirmation of the bullish trend, and we expect to see a movement towards the next resistance zone at 39 - 40
-We should pay attention to 32.5 as an inner resistance zone that the price has to break before reaching our Target; that would be a smart place to protect positions.
As a final curiosity, we will leave here the current 10 top holdings of this ETF / % of each stock / ticker / shares held / Market Value USD
APHRIA INC 10.32% APHA 9,686,494 $194,407,934.58
GW PHARM-ADR 9.64% GWPH 844,511 $181,569,865.00
TILRAY INC-CL 2 7.48% TLRY 5,033,560 $140,839,008.80
CANOPY GROWTH CO 5.86% CGC 3,099,126 $110,328,885.60
GROWGENERATION CORP 5.50% GRWG 2,044,958 $103,515,773.96
CRONOS GROUP INC 5.42% CRON 8,944,741 $102,059,494.81
HEXO CORP 3.98% HEXO 9,655,518 $75,023,374.86
VILLAGE FARMS IN 3.90% VFF 4,469,612 $73,525,117.40
SCHWEITZER-MAUDU 3.66% SWM 1,446,363 $68,991,515.10
VECTOR GROUP LTD 3.54% VGR 4,639,762 $66,719,777.56
Opening (IRA): MJ April 19th 18 Short Put... for a .63/contract credit.
Notes: The ETF with the highest 30-day on my board at 75.9%. 3.63% ROC at max.
$ECGI Purchases Cali MJ Property and Announces 1st Deliveries$ECGI Finalizing Northern California 1.7m SQ FT (40 acres) from $SGMD CEO Jimmy Chan private LMK Capital company.
LOS ANGELES, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI) today took its first steps toward the development of its special cannabis acquisition model via the closing of a definitive agreement to acquire a privately held farm, which includes a *1.7 million-square-foot Northern California property zoned for cannabis cultivation, processing and manufacturing." "The property also includes a house of approximately *2,175 square feet (the house and land collectively “Property”).
www.otcmarkets.com
The mention of the 2,175 Sq Ft house, just so happens to be included in the 6 acre zoned MJ area.
$ECGI's stated property size is 40 acres x 43,560 Sq Ft per acre equals 1,742,400 Sq ft.
You can review the original Lower Lake property listing here:
www.redfin.com
Awaiting cannabis licenses to be issued.
Also, $SGMD PR'd couple days ago that they purchased 70% of $ECGI NUGS Avenue MJ delivery service.
$ECGI Released an update today about Feb 9th deal announcing they had delivered to their first customers:
LOS ANGELES, Feb. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI), which plans to operate as Elite Cannabis Group and has been reorganized as an acquisition-oriented corporation with California-based targets of distressed cannabis assets, properties zoned for cannabis cultivation and processing, today announces its second agreement within the fast-growing California regulated cannabis market. The Company has signed a definitive management services agreement to enter the cannabis delivery business in conjunction with a California cannabis license holder operating out of Lynwood, California.
www.otcmarkets.com
"$ECGI created a wholly owned subsidiary, Nug Avenue, Inc., a California Corporation, which will hold the contract with the licensed party. The Company plans to enter into an additional agreement whereby it will sell up to 70% of the Nug Avenue unit to a third party, allowing the Company to retain and report an approximately 30% ownership.
twitter.com
"Excited to announce our first deliveries for Nug Avenue on 2/25
Check us out if you're in the LA Metro area @ Weedmaps.com. Wide selection and fast delivery. $ECGI"
twitter.com
