RE:RE:RE:Protection on CanopyThanks to Walkingzombie for your analysis and opinion and same to you Anthaminvest. I’m long on Canopy so I again may keep my position and let time pass and not miss any opportunity for a big uptick. I am confident long term. However Aurora’s earnings might shed light on how Canopy will do.
AnthamInvest wrote: I agree it will probably edge up as we get closer to earnings.
Aurora's earnings on the Feb 11th, if it's good, it could push Canopy price up to all time highs.
As to the covered calls, I'm comfortable "losing" some shares at $70. :-)
My average cover is at $70, with a $2.80 premium for the cover, so net effective is $72.80.
The calls expire Feb 15th after close. Either way I feel I win holding Canopy.
I'll sell more coverage into March if the price hits all time highs.