ACB

mistermarpole

Asset growth, if they are going to be taxed, should be like a property tax. A smaller % levied annually like on real estate assets. The annual tax should be added to the cost of acquisition (ACB) to lower the eventual capital gains. This way, foreign owners in low CG tax jurisdictions pay something too, and you don't destroy your country's capital base.

Ok_Philosopher_4463

This just treats tax on investments more like employment income, and as long as they update your adjusted cost basis I don't really see the problem. Even in your own example going from $50k to $100k in a year, it's not like you keep paying $18k every year on that gain - they just reset the ACB so you only pay future tax on gains beyond the $100k, so it's functionally the same as just selling on Dec 31 and rebuying on Jan 1 every year.

AssistanceChance5454

ACB announces new $100M ATM offering a couple weeks ago…. Now I’m reading this morning they are ringing the NASDAQ closing bell on Wednesday. Warming up the printer…. Meanwhile… US MSOs being manipulated into oblivion on OTC… lol.

ShartSqueeze

My broker is showing that there are 0 inventory of shares available to short TLRY and CGC from US lenders. ACB availability is also quite low. If news was coming down the pipe, now would be a great time for it.

longGERN

Knowing could of sold amzn then bought back at same ACB (after slowly buying in since 160s) is fucking annoying lol

paragonx29

17.25 ACB checking in. I did sell some shares at 105.00 to recoup my initial investment, but riding house money now!

Twist_of_Fate_44

It really feels like the Canadian cannabis dream is dying with this last batch of earnings from three of the big five Canadian LPs .. ACB, CGC and OGI OGI just proved that it's still a failing business, putting yet a bigger nail in that proverbial coffin. They're years away from the dream of ever becoming a truly profitable & investible entity What a financially cursed sector ..

skyplt29

ACB's earnings were not great...nor were Tilray's or Canopy Growth's. Interesting how some issues (like Canadian government not easing up on crippling taxes) have not been resolved. So many hurdles. Hopefully S3 eventually happens and some moves happen. Simon and Merton; no doubt they should be held more accountable...but without any real institutional investors holding their feet to the fire they can pretty much do what they want (including dilution). Not good for shareholders, but perhaps it keeps the company going. Lots of harsh lessons learned in this sector. Raw.

skyplt29

Although it is nice to see MSOS gain close to 5% today, as well as most of the underlying MSOs gain a few percentage points back after yesterday's rout. LPs (other than CGC for obvious reasons) did pretty well. ACB did not have a good week. What I find curious is the volume...especially on a blockbuster day in the market like today. We are seeing significant percentage swings in weedstocks (to the plus and minus), yet still about a third to half of the average volume. There are better investors than I am on this subreddit, and I would be curious (and appreciative) as to what your conclusions are. I suspect the average retail trader is not trading...mostly just holding in hope of good news (that's pretty much me). I know some (like banana) are playing options and perhaps that is behind some of the tradubg. As much as I wish institutional buyers were nibbling, I believe that is wishful thinking. It is also my understanding that algorithmic trading is most profitable when there is high volume. Not sure how algos would make money here. I did make a trade (as someone suggested yesterday, a steak dinner for two with a bottle of wine type of trade). Yesterday I bought 1000 shares of Tilray for 7USD and then put a sell order in for 7.50. It filled just before noon EST today...but what was really interesting is it filled on several sells of 100 or 200 shares (I get an email for each individual sell that happens on a single order). In my limited (and naive) experience, that's not institutional or algorithmic I would think. Fortunately I am only charged once for the SELL order (4.95) so I made just shy of 500 dollars. It's been a loooooong time since I did a trade like this. Felt good. Made reservations for two at Hy's Steakhouse. So still low volume, and trades are in lots of 100 and 200 (at least for Tilray). Not sure if there are any conclusions to be drawn. Good weekend to all.

Old-Outside6894

I am getting really interested in ACB. I like their pivot to medical and I think it will pay off better than most long term. I’m hoping lessons from Canada 1.0 sticks. I only own 2000 shares, but if they get caught up in an industry flush (I expect it before we get an S3 signature) I will buy into them with size. There is just no interest to drive price up.

Twist_of_Fate_44

ACB for the win, right old pal?! ;)

skyplt29

Other than ACB (volume is higher than average), the amount of weedstock shares being traded is about one quarter of average. So right now about 2% of the shares of most of these LPs and MSOs is driving this price action. Normally about 10% of total share count is traded on any given day. I am not suggesting this should be some sort of "don't worry, be happy" post (I sure would like to see the other side of this valley), but a bit of a reminder that not many shares being traded are driving some fairly major percentage swings.

No_Love_Gained

Dont disagree that earnings can have outsized influence on sp in the short term, but your post making it sound like doom and gloom is laughable at best. ACB is almost near ATLs (another -20% will take it below that number), so what is that you are trying to sell here? A 20% downside will bring good buying pressure , and I will take it. Btw I bought some of ACB and OGI both at current levels the last couple of days. Glta

Twist_of_Fate_44

I'd be concerned about ACB reporting tomorrow, it's really going to be a short-term make or break moment for the LPs Bad earnings and a -20% down day is really going to suck the wind out of the others too. Not as much as it used to but it'll still cause selling Bad news and TLRY is probably going sub $10 CAD, OGI could be <$2 CAD I'd actually like to see OGI walked down to $1.85 before earnings

Gambelero

ACB has been refreshingly honest. Expect visiwig rather than a Tilray style announcement.

benderok37

ACB earnings on Wednesday. Any expectation? 

Twist_of_Fate_44

Canadian LPs head into earning's season next week Wed Feb 4th .. ACB Fri Feb 6th .. CGC/WEED Tues Feb 10th .. OGI Thurs Feb 26th .. CRON Tues Apr 14th .. TLRY

No_Love_Gained

ACB, Auxly, OGI, and HITI have all closed the gap. Glta

These_Society818

What's your ACB on them?

homeinthegta

Thank you Nana! Sold all my INTC At $50.06 (ACB $30)

ReindeerLegal2400

The price action since Dec 23 is setting up for some kind of headline to hit. TSND, MSOS, TRUL, ACB among others all look like they're waiting for something.  Should be fun. 

JohnnySquesh

OK I did not get a definitive answer but the trading representative told me it is not cannabis across-the-board..Then he went on to tell me about triggers such as halts volume volatility.that risk takes into consideration when they remove electronic entry. As for why ACB was unavailable and then became available he said those circumstances may have changed. Which kind of makes sense. Especially if we can get Cronos backup

ChasterBlaster

ACB can edge me as long as she wants with those rough calloused Notre Dame hands - go Irish

JohnnySquesh

I'm a little late with this post but before New Year, I was getting "Not Elegible for Electronic Entry" on ACB. A few days later it was fine. Still is. CGC still fine. Jump ahead another week and now CRON not eligible. I did not call in because I was hoping CRON would correct itself like ACB did. Has anyone gotten official word on the matter?

pigeon_shit

My leaps and shares are offically in profit. Doubling down, DCAing from $17 ACB feels so vindicated right now.

benderok37

Why would people invest into $CGC or $TLRY if there is better players? Such as $HITI, OGI, ACB, SNDL? I am sure some people will say that ACB also not that good, but if you look at their last 2 year perfomance, you will see they did a good progress. Cleaned balance sheet, debt free, 3% or so dillution, growing medical cannabis etc. 

AntoniaFauci

ACB listened to the agencies testify that (of course) they record every tariff payment carefully, they currently process refunds anyway, and so issuing refunds would be simple and trivial. Yet even after that she issued some idiotic nonsense from the bench about how refunds would be messy to issue.

EasttoWest9

Oh my bad. I usually use ACB so didn't recognize it at first. That's a good CB you got there - thought mine was good...

longGERN

Nice. I got a similar ACB. Only about 5% of port tho

Butthole--pleasures

I feel the same. Not the business but the management reminds me of ACB and I lost some $. Wish them the best because I assume that will help the overall industry but not touching this one.

Bluez_Cluez_Brewz

ACB is basically the only of that meme group that has a strong business, medical waiting to enter the US, zero debt, and hasn't diluted in over 2 years anything significant. This company is trash.

Orennji

I'm still buying fractional shares of OGI, MSOS, and recently ACB every day. I jump into OTC to buy individual MSOs when we get some substantial dips. That's not changing until sentiment brings these prices in line with the coming improvement in fundamentals. If we have a long bear market, it gives me time to accumulate slowly or change course. Outside of weedstocks I'm looking at: Pawn shops - FCFS, EZPW Tobacco leaf merchants - UVV Precious metals/rare earths - MP, REMX "Old economy" exposure - BRK.B, VPU

PuppiesAndPixels

I've been safe investing for 15 years and I bought my first calls today on RKLB, ASTS, and ACB when they all dipped. ASTS 135 call $6/18. RKLB 110 call $12/18 ACB 12 call $1/15/27 Wish me luck.

benderok37

All Canadian companies red (CGC, ACB, HITI, OGI, TLRY, SNDL) yet, American MSOS green, big green...  Any explanation? 

benderok37

Looking at Canadian weed stocks, which one would be good bet? ACB, CGC, SNDL, TLRY?  Any bulls there can explain?  From valuation standpoint acb look very attractive, but many people call em scam 

AntoniaFauci

Same as I said with Google earlier this year, every permutation of outcomes on tariff still leads to higher stock prices. This supremely corrupt Supreme Court never isn’t even trying to disguise their anti-constitutional MAGA cult decisions anymore. If they did somehow rule against daddy, they could insert ridiculous exemptions. Or say bad boy, you must curtail this by end of 2027. Or say mistakes were made but (despite the authorities saying all tariff collection is of course tracked and thus trivial to refund) child judge ACB’s “uh, like, wouldn’t, refunds be tricky, so like, um, let’s not do that” And besides, the sum collected is not what the lie and child abuse cult party says anyway. They and daddy say trillions, actually number is 0.2 trillion. And this party is wasting similar sums every month one idiotic or illegal venture or another. Toss this cost on the pile of private jets for every crony, no tax on overtime, golden battleships, bulldozing monuments for MMA venues, spending half a mill per shot to murder Venezuelan boys for snuff content, killing off the IRS’ ability to collect revenue. And the biggest one of all: their hugely ignorant method of driving up our national debt funding cost with wildly unproductive deficit and debt policy. Even if the corrupt MAGA Supreme Court did shut the obviously illegal executive tariff taxation, the corrupt MAGA house and senate can just copy and paste whatever deranged chart daddy gives them, and pass it as congressional taxation. Lastly, even if the corrupt Supreme Court kills tariff terrorism and refunds it and somehow closes every loophole and workaround, that’s STILL a gift to the rapist-in-chief because that would be GOOD for the economy. In short, if they keep some form of the current insane status quo, line (ultimately) goes up. If they save the dementia patient and his cult party from themselves, line (ultimately) goes up. Could there be temporary over-reactionary dips? Let’s hope so. This is just like google a year ago: judge correctly rules on antitrust and breaks them up? Great, investors make money on the sum of the parts. Judge incorrectly lets google be antitrust? Great, investors make money on their freedom from justice.

Humungusminimaglight

ACB drilled through and didn’t bounce at all on the gap fill. Is this an indication for the others? Sndl isn’t looking good either.

benderok37

Go with ACB. Wont regret 

TheRealSoDo

ACB getting shorted hard... Where's the love?

benderok37

$ACB Aurora Cannabis CEO. "We're pleased to see progress made today in the US, as President Trump signed an executive order to reclassify cannabis. As a global leader operating in 12 countries, and Canada's largest medical cannabis company, we welcome and support all positive reforms that lead to expanded access to cannabis. We see the focus on increasing medical cannabis research as a meaningful step forward for the global industry and look forward to engaging as this change progresses."

randomusername0000

So true, RIP ACB yolo of 20IforgotTheYear.

NonPlusUltra1580

Trump just signed executive order opening up cannabis trade ACB will 🚀🚀🚀🚀…

unclegbov

ACB has most sales in Germany and #2 Australia - they have not entered USA - but the CEO - Miguel has connections, the right ones  acb will be partnered or bought out.  My guess

Ambitious-Poem9191

they used to be the meme LP to trade. Then CGC and TLRY went down like 80% while ACB stayed flat, so people moved on

randomusername0000

I'd tell you about my ACB play back during that era if it didn't hurt so bad lol. I know people that lost 100s of thousands.

Outside_Mix_1131

I purchased Canopy (CGC) a few days ago based on the news regarding possible reclassification. Check out CURLF as well. The others I can think of (TCNNF, ACB) are not penny stocks but I'm sure there are more that are.

Striking-Pen-1198

$ACB to the moon! 🚀🚀🚀 So, calls then?

Stocks_N_Bondage

Weed play: Long: CRON TLRY MJ Calls: ACB

Stocks_N_Bondage

ACB calls

TheRealSoDo

ACB

Specific-Moose-3143

coke about to drop 5 billi on ACB

Equivalent_Smell_325

no US operation, OGI, ACB, and HITI and etc are lagging too in that sense

Tokaiiiiii

But this is S3 news, XLY doesn’t have presence over there. I guess you can also bet ACB and OGI will go red first, whichever has less exposure in the US

Conor__K

TLRY, CGC, MSOS, GTII, and ACB are going to moon today!!!!!!

Capital_Landscape_87

I am looking at cannabis stock with long days to cover and high - mid short interest, curious how others are trading **cannabis names today** given recent sector momentum and short setups. quick snapshot of some tickers I've looked at today source: fintel any catalyst on radar? ACB Days to cover -> 8.43 SI -> 12.37 IIPR Day to cover -> 11.83 SI -> 8.85 YCBD Days to Cover -> 4.19 SI -> 8.80 OGI Days to Cover -> 12.52 SI -> 5.32 IMCC Days to Cover -> 2.88 SI -> 4.13

Conor__K

Just bought far OTM calls on TLRY, MSOS, CGC, GTII and ACB yesterday. Can't wait to see to 1,000% or so gain today at open!!!

deten

Wait, these CGC and ACB bags I am holding... might come back!?

benderok37

$ACB restricted to trade on schwab)))) only via calling broker, crazy. they want to take all my shares! Less then 300k shares traded

AcceptableDatabase58

I’m heavy in ACB. Happy bday buddy

Equivalent_Smell_325

I can't post screenshots here, but I can see it's the same pattern for CGC, TLRY, ACB, VFF, and SNDL has to be a glitch

rechtim

Not ACB, fuck me

Buildsoc

ACB??

Scannerguy3000

Great question. Somewhere back in my comment history I've written this out a dozen times, so I'm not going into long detail, but you hit upon the key. I use Barchart (I think it's $20-30 a month) and search using their "naked put screener" which I have highly modified using ChatGPT over a period of 11 months. Basically I'm looking for high premium balanced with safety. 200 day EMA slope over 0 gives you companies that aren't declining. OTM Prob, delta, %BE(bid), RSI, all play a part. Then I dump those results into my spreadsheet as a second stage screener. I export Price/ATR among other things. Then I have helper columns calculate Expected Move, then ATR/EM. Then I weed out anything over 1.0 - that means their actual swerving all over the road is wider than the road. Then I sort by each of the major columns and trim the bottom rows. I've got an aggregate Score column, and Safety score column, and use those as well. Then I maintain a lot of diversity and I'm careful with my position size. I don't usually do more than 5 contracts, or less than 2. (500 - 200 shares). Historically, I've just picked whatever tickers are hot. I DGAF about holding them long-term. I'm hunting for premium, not buy and hold. I see equities as a liability. At best, they can grow slower than my premium income. At worst, they can drop overnight ... cash doesn't do that. However, I am starting to collect a few high dividend payers and I'm experimenting with a system to CSP and CC on those, as well as reap the dividends and the continual ACB reduction, along with their appreciation over time. I'm not sure if this will outperform my premium engine, but I'll measure it for a while and see if it makes sense.

Tzidda

ACB overated and overpriced. CGC price underated 🤪

FoodCooker62

Auxly, Rubicon, VFF, high tide, all are solidly profitable companies with passionate management. But nobody ever speaks about them. Even now when some investor site runs "best weed stocks" its still about TLRY, ACB, CGC. Speculation and hype is what keeps this sector in the garbage bin. Tilray and CGC traded at 40-200x revenue at some point. Now after burning 15 billion USD together they're at 1-3x which is still above the sector average. The dilution off of this number keeps them alive to this very day. As long as people speculate on trash companies, the sector will remain in the dog house.

GeoLogic23

Yea I'm enjoying just watching for the most part. It's just funny how people continue to over-generalizing reverse splits when we literally have ACB and OGI as two very recent cannabis reverse splits that didn't matter. People cannot grasp the idea that reverse splits don't **always** mean a company is going to continue to die off. It just goes to show how many people here are purely traders based off feelings and perceived momentum. If you are an investor who made a decision to invest in Tilray at their market cap before the reverse split, then you should be happy to average down due to a reverse split that changes nothing about the company's operations.

GeoLogic23

Oh yea, I just didn't mention Curaleaf because at least they seem to get a fair amount of people pointing out their financial issues. I definitely know what you mean about the switch flipping. Probably just a combination of people hurt by investing in LPs earlier, combined with most new investors jumping in on MSOs after Democrats won in 2021. But yea it's definitely been very hard to have a reasonable discussion regarding LPs around here in recent years. I remember when I was trying to say how ACB dropped way too much after their reverse split a couple years ago (<$3). That was a frustrating experience, trying to discuss both ACB as a company and reverse splits in general lol so many people just reflexively writing off ACB without even considering the situation may be different than it was many years ago.

No_Love_Gained

ACB and OGI (potentially) are the only quick trades currently in this space based on their technicals. It's not financial advice. Glta

Butthole--pleasures

I think this is the big one and the only reason I'm in this play right now and not closer to midterms. No fucking way I believe trump. The guy is the biggest liar of literally all time. But I absolutely would put money on republican greed. I strongly believe we have hit the bottom (range) with MSOs. However I do regret not selling the last pop and buying back in, could've used those profits this holiday season. Also, TLRY looks bad. Giving me ACB vibes, not getting burned on that shit again

GeoLogic23

I have zero interest in getting involved with the Tilray discourse, but the most recent track record of reverse splits in our sector is actually good. OGI and ACB both reverse split in the last few years and have actually done quite well afterwards. OGI quickly got another investment by BAT, and ACB has never touched its reverse split low again. Again I'm saying nothing at all about Tilray, because it's a completely different company. But I do think its funny that these exact same comments were being made about ACB while I was buying them under $3.

AcanthocephalaFair27

SLNAF (-100%), ACB aka Aurora Cannabis Inc (-99%)

WillingRush6786

It will drop tomorrow sadly. ACB 7$. Should’ve sold at 35 but I’ll watch for 3-5 for shits and gigs

One-Yard9754

I know you're not new here....the rally earlier off the year when MSOS was at $2 was purely on the hope of reform. Since then it seems like the reforms we need are either convoluted (hemp ban bill is still vague) or simply hasn't happened (rescheduling). By that logic we can probably head back lower to ATH. Like what Heliumbox say, all these high debt guys are in trouble (which sadly is the majority of the industry) and as these stocks selloff even the best names will be dragged down. Be patient and smart about capital management - I'm only adding in GTI and now Auxley, with some ACB trades....

cra676

This is a great overview that seems to encapsulate his investing thesis quite well. Of the four of his picks that I chose to invest in, BAX is my biggest loser right now. I was lucky enough to get in before its most recent earnings report- even though he was singing its praises at least 2 earnings reports ago. And then I put a little more back in a week ago. So my ACB isn’t too bad. Hard to imagine what his paying clients that gave him upwards of $1 million might think about this one. I got in a little high at QXO. I’m in PYPL but not down by much. Was a tough decision but I decided to put some more into it today. Invested in VFC pretty low so that’s what’s keeping me afloat when you average out my gains/losses of the 4. But it is volatile. I haven’t been watching him for more than 6 months but I do see what you’re saying about him sometimes slightly leaning into politics. He also can be cocky sometimes and it’s a little off-putting but hey, he’s providing free content with relatively sound advice. Also, I wonder why he does these podcasts to begin with. He has clients that give him millions of dollars yet he’s sharing all the same knowledge and stock picks to viewers on YouTube for free. Maybe it’s hubris and he likes being quasi-famous? Or maybe he genuinely wants to help people. Either way, I plan on holding on to those for while.

cra676

This is a great overview that seems to encapsulate his investing thesis quite well. Of the four of his picks that I chose to invest in, BAX is my biggest loser right now. I was lucky enough to get in before its most recent earnings report- even though he was singing its praises at least 2 earnings reports ago. And then I put a little more back in a week ago. So my ACB isn’t too bad. Hard to imagine what his paying clients that gave him upwards of $1 million might think about this one. I got in a little high at QXO. I’m in PYPL but not down by much. Was a tough decision but I decided to put some more into it today. Invested in VFC pretty low so that’s what’s keeping me afloat when you average out my gains/losses of the 4. But it is volatile. I haven’t been watching him for more than 6 months but I do see what you’re saying about him sometimes slightly leaning into politics. He also can be cocky sometimes and it’s a little off-putting but hey, he’s providing free content with relatively sound advice. Also, I wonder why he does these podcasts to begin with. He has clients that give him millions of dollars yet he’s sharing all the same knowledge and stock picks to viewers on YouTube for free. Maybe it’s hubris and he likes being quasi-famous? Or maybe he genuinely wants to help people. Either way, I plan on holding on to those for while.

ZacTheBlob

TTM PEG is at 0.83\* My bad. Still cheap. Not sure where you get your double from, but you might want to make sure your sources are up to date. You can have your fries when Nvidia goes below my ACB, which is $4. In the meantime, enjoy watching me and others getting richer from the cuck chair while you wait for the bubble pop that might never happen.❤️

Russticale

I like ACB here.  Strong earnings this season.  Or strong enough.   Keeping the uptrend, keeping the party going.  If you sold this week you’re doin it wrong

Stonesword75

ACB's questions also seemed to lead to this idea for her decision. Deem illegal but make someone else figure out fixing it.

dirtbags5

ACB just posted.

mfairview

are people tired of post company ER? just posted SNDL (released yesterday) and ACB (released today) to the fp, 2 stocks I don't even own. are we at or beyond capitulation at this point? lol

Embarrassed_Durian17

Well it popped and I hoped it would hold above my put strikes but now it's just below my ACB l, looks like I'll be assigned on the 28th but I might try and roll them out how long do you think we will hang around the 175 to 200 range?

rush_cdm

hey, why someone is paying 3 percent to be short ACB - who does not smoke those days

Scannerguy3000

People will tell you it’s neutral to bull. I think that’s irrelevant. People are buying and selling options of both types during every market and profiting. My point is don’t worry about things you can’t control. Take charge of the things you can control. For my own strategy, I run a very lopsided wheel. My goal is to be all CSP, but when I do get assigned, I’m not greedy and I don’t want to hang on to shares for a long time. My goal is to get the shares off my books as soon as the strike + premium covers my ACB at a delta that will sell.

1_FCKTRD

Here are a few bullet points taken from the CNBC article this morning: 1. "Companies In This Article" WEED-CA +0.01 (+0.58%) TLRY +0.01 (+0.75%) CRON-CA+0.12 (+3.52%) ACB-CA +0.22 (+3.26%) Same Old CNBC Bullshit Just a Different Day. When referring to the US cannabis market, please list US companies. 2. "Publicly traded cannabis companies have seen their share of ups and downs." "Verano posted a net loss of $44 million, partly due to a $5 million impairment charge on a facility in Pennsylvania and $10 million in legal contingencies as a result of a settlement." Wrong. It was 11 million. 3. Next week, two U.S. cannabis giants, Curaleaf and Trulieve, are set to follow in reporting earnings. Forgot to mention that the largest U.S. cannabis company, GTI, reports next week. 4. "We could be looking at a true inflection point for cannabis. If reforms move forward, it could attract more companies to do business in the U.S.,” Tilray CEO Irwin Simon told CNBC. How many more times do we need to read this same old quote from Grease Ball? 5. "Cannabis legalization in the U.S. Recreational cannabis is legal in 25 states and the District of Columbia." The color code on the map is incorrect. 6. “It’s a big stretch to say a post or two is a fully throated endorsement of reform,” Sabet told CNBC. “A lot of times his posts don’t line up with formal policy positions.” I can't wait for the federal government to finally take action and implement a policy to shut this guy up. 7. "Two days after the fundraiser, Trump made his “looking at” comments about marijuana’s classification." President Trump also said we should have some type of determination within "a few weeks," but now it's going into the third month. 8. “For many of us, it’s not a question of when but what the regulations will be and how they’ll be enforced,” Gorenstein said. “If the next administration delivers clarity, that alone could shake up this industry.” Please tell me you meant to say "the current administration."

Scannerguy3000

Reasonable question. Only very recently … like this week, I’m trying something new. I think of it like “fish traps” for dividend aristocrats. Keep about 100-200 on hand of MO, XOM, TGT, et. One side of the basket is low delta CSPs. It will only collect new shares if they are very cheap. On the other side, selling CCs. It will only let shares escape if they are really big sales. If inventory gets low (100) tighten up the CCs and loosen up the CSP. If inventory gets too high, tighten up CSPs and loosen up CCs. Income / gains from: 1. CSP premiums. 2. CC premiums. 3. Dividends. 4. Appreciation 5. Constantly lowering the ACB Now, well established dividend payers tend to be low premiums. So it’s an empirical question how the total yield on this entire strategy will pay off. I’ve got a few different portfolios right now of about equal size, so I’m going to try this in one and see how it compares.

TopBuyer777

Cannabis sector getting lift TLRY ACB both making highs

One-Yard9754

I’m having a serious Deja vue moment. I lightened up some trading legs that hadn’t worked out (a small roll on ACB and GTI). I still have a massive chunk of longterm GTI capital set aside, but I don’t think earnings are going to propel these stocks higher; I think they could slide back downward if we don’t see any movement on s3 (which is looking less and less likely).

One-Yard9754

Trust me I am, lol. But I wouldn't be surprised if this sector peels off again, MSOS looks to have some support but if $4 breaks expect all these stocks to head back near their lows. If that happens I'll add another large chunk into Greenthumb. I don't love ACB, but in the mid 5s (CAD ticker) it's a pretty safe synthetic long spot to dump exposure.

Kbarbs4421

Interesting. Appreciate the suggestion. I'll give it a look. Like BHOmber, I'm not willing to touch 90% of this sector, in my case even for a couple of days. I'll only touch the few companies that I currently believe won't chew me up over the longer term. That short list includes GTI, CRON, and SNDL. I'm currently breaking my rule for RYM and MSOS but both will hopefully be short term trades. I haven't looked into ACB for a very long time, though. I feel like I caught wind of an improved balance sheet. That true? I'd love to get your

One-Yard9754

ACB is a trading vehicle, but they are much better than CGC and Tillray. It offers good rolls and the premiums on the calls are juicy

BHOmber

The LPs are good for fun-money trading if you can do it with decent-sized positions. I just can't get myself to hold a CGC/ACB for more than a couple days. ACB fundamentals have surprisingly been looking up though...

One-Yard9754

Take a look at the premiums of ACB. The higher share price offers wider ranges.

One-Yard9754

I dumped my ACB tradeable chunk as I didn't want to hold it as it looks like we're heading back downward. I hope things peel off hard so I can rebuy the GTI I sold in the mid 12s, but we'll see....now that MSOS closed where it did, it might easily fall back to the low 4s. Keep your positions appropriate for your size and risk tolerance and take advantage of some of the rolls/chop, as it's there. Have a good weekend everyone!

Embarrassed_Durian17

I would say you would need to be comfortable using margin to beat the market vs just investing the same capital in the market. I've shifted to gld and slv from the mag 7 as the premium is good and i'm worried about the current geopolitical tensions, $200 usd off of $4700 capital every 2 weeks right now for SLV is pretty good and i'm more comfortable using some margin on precious metals. SLV and GLD have a 50% margin requirment, so the buying power requirment isn't too bad. I don't roll i just take assignments and then sell CCs ideally above the original strike, but will sell ATM if it's above my ACB SLV has expiry dates every few days so it's easier to enter and exit.

RedStag1905

NVDA green again today (not my NVDA, naturally, with an ACB of $186, but the day's NVDA)

Striking-Pen-1198

Do you feel bad for me too? I've been holding the $ACB bag since it came to market. After a few reverse splits, and a lot of averaging, I need to sell 200 stonks at $7.50 to break even.

photon1701d

how old are you? what was your ACB on these 2 What is your net worth? Just curious as I want to retire soon and want to see where I stand.

Scannerguy3000

Let me start with the last question and work backwards. Stop thinking about specific stocks. Thinking you’ll find the right ticker is a stock picker’s mentality. Selling options is about the mechanics of the trade, not finding the right company. The right company is the best choice *right now* and that will be a different company in five minutes. I’m going to answer your exit question genetically, because the concept is the same for Calls and Puts, but the numbers are reversed. When you sell a Call or Put, you hope the market price will stay above or below your strike price. Let’s say you sell puts for a $32 strike and the current price is $33. As long as the market price is above the strike, no one is going to Put the shares to you, they’ll take the market price. If the market price drops to $31.50, now your Puts are $0.59 in the money. You will get assigned. As the price begins to move towards the strike (up or down, depending which type of option) the price of that option will change, and the delta will change. If you watch the Last or Ask, you’ll see what you can sell the option for — Buy To Close. In some cases, you can BTC out for less than the loss of the share price. If your market price is 59 cents less than the strike, but you can BTC out for 25 cents, then you should get out of the trade with the $25 exit; or you will be assigned the shares and you will be at a $50 loss. Sometimes you can’t catch it in time. The cost to BTC may be greater than the loss in share price. In this case, you should just take assigned and sell Calls on the shares till you can cover your Adjusted Cost Basis (which you chip away at using the repeated Call sales). As you keep lowering your ACB, the stock may also begin to rise again. Eventually you will reach a point where the strike price (sell price of the shares) and premiums will be greater than your current ACB (at a delta that is likely to sell, .5000 or more for instance).

Smart-Ad-8116

Im increasing my TLRY, CGC, and ACB positions. https://preview.redd.it/3pgwz0t2r3uf1.jpeg?width=1080&format=pjpg&auto=webp&s=8bbbe60a13c98e528d717f1768181de8753ede6b

Conor__K

ACB most likely. CURA, GTII etc have high valuations already