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Top Trades for Tue, 19 Nov 2019 13:33 – TAP & M

Sadly, we do have MJ, it's in the STP above and also in the Hemp Boca Portfolio.  

In Hemp Boca (since we're on the subject), we're going to make the following changes on the show:

  • Sell 5 TAP 2022 $50 puts for $8 ($4,000) 

  • Roll 5 short MJ 2021 $30 puts at $14.30 ($7,150) to 10 short 2022 $20 puts at $7 ($7,000) 
  • Buy 20 MJ 2022 $15 ($4.70)/$22 ($2.50) bull call spreads at $2.20 ($4,400)

We're also going to add a play on M as follows:

  • Sell 5 M 2022 $15 puts for $4.60 ($2,300)
  • Buy 15 2022 $13 calls for $4.20 ($6,300)
  • Sell 15 2022 $20 calls for $2.05 ($3,075)

That's net $925 on the $10,500 spread so $9,575 (1,035%) upside potential at $20.  Ordinary margin requirement is just $2,950 so a very efficient way to make $9,575 in two years if all goes well!

M earnings are on Thursday, by the way…


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