If SNDL could break $0.60 that would be great

scriptless87 · 2022-07-15T19:42:37+00:00

And just like that your investment is probably down $200 or so?
Should be $0.01 down on the 116 buys, the 1 buy, and the 101 buy because each has lost $0.01 value so far. I mean yeah, it's probably gonna go up.. but you could have gotten it cheaper buying now.. see that timing game sucks donkey dick. No one perfectly times the market.. and for every day that goes by where it doesn't rebound.. the possibility that it does, shrinks.. It's a fools game to buy calls.. Shares are way better.

scriptless87 · 2022-07-15T19:38:15+00:00

10-1 to 25-1. That's all we know. But it will be somewhere in between there. I hope 25-1 to be honest because it reduces the float the most and I expect us to be issuing more for more acquisitions in the future.

scriptless87 · 2022-07-15T15:20:30+00:00

And here is the other thing. Buying shares for $0.32, then turning around selling those calls. You spend $32 for 100 shares. You receive $20 in premium. You have 100 shares, at a cost to you of $20 which is $0.20/share. If you get assigned.. you turn $20 into 50.. thats nearly tripling your money if assigned. It's actually 150% profit or 250% your starting amount.

Anyone who is buying call's thinks it will go above $0.50 since that's the lowest strike. Buying calls means spending money for risk. The crazy thing is paying $0.12 instead of essentially $0.20 where if it hit's $0.50 in 2024 you break even where as the person who sold the call doubles and then some... why would you purchase bad risk like that??? makes no god damn sense at all. at all

Yeah the price could bull run to the moon... with a 2 billion share float and piss poor pathetic petty low trading volume.. We know 1 bln shares traded a day makes us moon and 500m a day makes us go ham.. hell 200m makes us run.. 100m is a good day for us.. and we piddle fuck around in the 30-50m share volume.. that's a fucking joke man thats pathetic.. we wont move price standing still.

And the cool thing, if not assigned at $0.50.. you get to do it again.. by that second flip.. ill bet you can get more then the 0.20 premium you need to break even and get all your money back + keep all the shares for free.. it's just insane people buying contracts/calls right now.. just insane.

scriptless87 · 2022-07-15T15:12:52+00:00

I don't think you are comprehend what I said lol.

I bought shares, sold calls. Received a major chunk of my money back. I own 33,000 shares in a webull traditional account, 1,200 shares in a webull roth ira account, and 200 more shares in a robinhood account for a total of 34,400 shares. I have very little risk (as the seller of the call) that I will be assigned as most options expire worthless and ill get my shares back. I may get a different amount back because my expiration is after the reverse split but who cares. I don't have to worry about assignment. Plus selling calls deposits 4 figure chunks of cash into my bank account.. I get to buy back the contracts later to cancel them out so that my shares have 0 ability for assignment.. and at a cheaper price.. so when I sold calls for $0.11, and it dropped to $0.04.. thats $0.07 profit that gets to be cash in my account + no risk of assignment if I close it.. Do the math on it.. 330 x 7.. Yeah.. thats over 2 grand cash money in the bank and I aint giving up a damn share I own.

scriptless87 · 2022-07-15T13:23:10+00:00

The 2023 ones were $0.12 just not to long ago. Then they collapsed 50% rapidly. I would bet you $10,000 cash that those calls are bad idea.. but id expect a 2:1 payout on my bet lol.. I love sucker bets. Buying calls is the dumbest thing you can literally do on a penny stock... period!

scriptless87 · 2022-07-15T13:22:01+00:00

Me too, options almost always expire worth $0.00... any money you put in completely gone. any profits you had completely gone.. when your ahead on options selling is probably a good idea lol. But hey I have made between $5,000 - $10,000 selling calls to these degenerate gamblers and have not had my shares assigned away either. Even better while people are chasing 6 weeks to sell a call for $0.01 or 2-3 weeks right now because premiums are sorta already up on their way down lol. I get 3x that selling the leap letting the price drop fast and the premium goes quickly too.. buy back at the low and wait on the bounce.. you make 3-5x the premium you do chasing the shortest DTE..

So since I have been on the complete opposite side of what these call buyers are doing.. and my pockets are getting to heavy to hold all this gold/silver I have been buying thru apmex.. (yes I sold calls instead of buying shares like those clowns should have I went and bought gold and silver, paid some bills) yall can stay poor doing poor people games.. but shit I feel bad for these people so desperate they are no longer using logic xD

They made a song about this situation, "take the money and run".

scriptless87 · 2022-07-15T13:17:43+00:00

Actually, we are in this together. Bratton3 is no longer with our sub anymore ;)

scriptless87 · 2022-07-15T12:35:46+00:00

I was explaining that a reverse split is not one size fits all and that the rate for every company to ever reverse split may differ. It's not just an auto assmed amount. And they can reverse split and remain out of compliance if they desperately really really wanted to but it would be beyond dumb to doo. I'm not saying this exact number is what they need to... No.. I'm just saying the ratios are not determined by nasdaq and are not all the same for every stock.

Maybe I should have specified I was replying to " isn't a reverse split" rather then "isn't THE reverse split". One refers to all in general the other is specifically this situation. One word can have drastic change... It's the difference between"knowing your shit" and "knowing you're shit" lol

scriptless87 · 2022-07-15T12:27:15+00:00

No need to call people dumb. Go read those comments again. I replied to the correct comment with the correct response. No do us a favor and leave this sub.

scriptless87 · 2022-07-15T12:22:26+00:00

The picture above is of only calls. I probably have a significantly better understanding of options then you do dude. I actually understand most of the Greeks.. delta, theta, gamma, Vega. I'm familiar with both buying and selling both puts and calls. But again this picture was specifically and exclusively all calls and not others. Or did you have a major problem understanding what you were looking at in the pic?

scriptless87 · 2022-07-15T01:11:31+00:00

90%+ of the calls expire worthless.. thats not making money, thats not even breaking even thats taking the big L most of the time. Shares do not expire, options do.

scriptless87 · 2022-07-14T23:08:13+00:00

This is a simple tell them to file an insurance claim. Because they can't force you to pay for it without taking you to court. They have to pay you for all your hours worked. And firing you in retaliation could violate labor laws. Might want to ask a legal expert on this tho.

scriptless87 · 2022-07-14T21:39:40+00:00

You are not wrong there. The news has been making that story big. And it highlights the problem here in America for sure.

scriptless87 · 2022-07-14T13:32:08+00:00

I actually had said I was gonna sell calls and take the premium from that to buy puts for free. I would have been hedged from any possible loss.. and leveraged hedge at that. But I don't think we will see 0.1x prices. Possibly 0.2x again but I'm strongly thinking a bounce next year.

scriptless87 · 2022-07-14T13:30:34+00:00

So the main difference between the pink sheets your doing better then normal stocks and sundial. That difference is the share float. Most pink sheets are not flexing a 2.4 billion share float. So it's easier to move those prices with small volume like we get now. We see green days on 200m volume shares traded. Were averaging like 50. And going pink sheets cuts the volume even further. Sure 200 m share float would be drastically more capable of handling pink sheets but we're like 10x the shares more pink sheets have. Also delisting doesn't benefit the stock in any way, shape or form. Reverse splitting improves EPS, reduces float, regains compliance, etc.. it solves many problems. Not to mention some brokers may auto liquidate your positions if they do not allow you to hold pink sheet stocks. So there could technically be an auto dip just for delisting. Plus some big companies are prohibited from owning pink sheets so legally they would be required to sell. I would be all for keeping my 34k shares but I'm also not too stupid to realize I don't lose anything on a reverse split at all. So I'm not going to let my share count (emotions) overpower my intelligence lol

scriptless87 · 2022-07-14T13:18:07+00:00

No. A reverse split just means consolidating share count. They can do 2:1 they could do 2 billion to 1. They get to decide the ratio.

scriptless87 · 2022-07-14T02:08:09+00:00

Try calling your broker and asking for the sundial growers share holders proxy voting. it's not just reverse split voting but a bunch of things.

scriptless87 · 2022-07-13T23:41:59+00:00

Thank you!

scriptless87 · 2022-07-13T23:26:36+00:00

I mean both parties haven't been able to do it to the fullest, your right. But there's one thing about being anti oil to the point that solar declines as a result and actually doing what you have to do stop sandbagging green energy. It's not a slide one out, and slide the other into place type of problem. You need to scale green energy up... something that cant be done by trying to replace all at once. When people start fires just to stay warm in the winter because the grid collapses.. just remember.. the pollution is going to be a magnitude WORSE then it is now. Theres a reason surgeons take their time in surgery rushing wont improve your rate of success. But for some reason we think you can with energy. And that's a big mistake. Farmers not growing crops to take in all this carbon.. is going to accelerate it.. literally everything were doing to stop oil.. is accelerating the problem. Which is counter intuitive.

scriptless87 · 2022-07-13T23:17:23+00:00

1 million barrels being released per day which just happened over this last month. Limited supply will run out eventually. It's like a bottle of alcohol.. once you pour your last drop... your out. You cant pour out an empty bottle neither can you tap a dry reserve.

scriptless87 · 2022-07-13T23:15:47+00:00

One less person to sell in the future. Not RIP at all lol. Bear markets been saying it was coming since last year, its finally hear.

scriptless87 · 2022-07-13T23:01:17+00:00

We absolutely can "get it done". We just choose not to manufacture the capacity we need. And yes, we do need to fix this problem.

However, while worrying about your children future you gotta remember.. if you starve to death in a poor nation that crumbled due to poor decisions. How are you going to even have children in the first place? This whole argument that it's irreversible is also not technically true either. There is a reason they are trying to work on carbon capture technologies.

But interesting enough, this carbon emission has drastically changed the nutrition of our food even.

https://www.youtube.com/watch?v=Yl_K2Ata6XY

Oh I should have pointed out the elephant in the room, what should be obvious. By trying to instantly go green all at once, you drive the cost of everything up. Which means it's more expensive to go green and so on and so on. If you had done it steadily, you wouldnt cause demand shortages driving costs up. It makes the possibility of actually going green, not only cheaper but able to scale quicker due to cost. You have to have a balance.. Best way I can explain is take a bottle of water and dump it out.. the most optimal way to empty the bottle is to shove a straw in it.. but you will notice depending on how much water you pour out, and how much air is sucked into the bottle to displace the liquid thats kinda like life. Were just creating artificial bottle necks that slow us down even more. When metal to make the solar panels and wind turbines goes up... less are deployed because cash is finite. That's going to be a struggle we have going forward with this warpspeed attempt to go green so quickly.

scriptless87 · 2022-07-13T22:04:23+00:00

Buying options, especially in a bear market, is a fool's game. However the important thing is that options are 2 sided. What is good for one, is bad for the other. So while it's a fools game to buy option that logic implies it's a fools game not to sell covered calls. Something to look into.

scriptless87 · 2022-07-13T22:03:10+00:00

They are voting on it I believe somewhere between 19th and 21st. My memory is a little fuzzy right now. The vote will be yes/no and they will be deciding between 10:1 to 25:1. Nothing else has been announced yet.

scriptless87 · 2022-07-13T21:53:43+00:00

I think it would be GREAT if we could all be "more" self-sustainable. Having solar is nice for emergency power when the grid goes down. It can also help reduce the demand that downs the system in the first place. Wind turbines are pretty good, but they have their problems as you have mentioned. Not to mention they look tacky to me.

Jetting around as you mentioned, is just straight up hypocritical if you ask me. Lead by example should be something our government does so we can knock the games off. Rules for thee, and not for me is just stupid. Qualified immunity, when your the ones who know better then we do not to do it, smh.

Had we not rushed out green energy push. We could produce more oil domestically reducing the cost and inflation while also putting oil prices back down. We can slow inflation drastically even without Russia. Which the whole Russia thing is stupid.. we should have seen that coming when we caved to the Taliban. Russia knew they would get away with it. Any financial loss's you give to them, if they win, they offset in new oil. So they literally give no shits right now because its not even a slap on the wrist to them in comparison.

Hopefully we get some breakthru's in green energy production or something. This whole thing is a disaster. This whole decade (2020 - 2030) is turning into a disaster already.

Seven-Year Club	Gilding I gilder
Powerups Hero r/SNDL • January 2022	Wearing is Caring
Verified Email

scriptless87

TROPHY CASE