I closed my "short". AMC stock was at $6.08 which was roughly my $6 price target, and I sold my puts at $1.14. So overall from start to end, the stock fell 30% and my puts gained 27% which is pretty good over just a couple days. Pretty much played out as I had hoped!Going short AMC ... I bought some put options on AMC. Currently the stock trades at $8.67 and I bought a March expiration put contract at $0.90. This is insanely risky, and I figure that if AMC stays above $7 that I will lose all this money. However if AMC falls significantly, more than 20% in the coming days, I think this contract should increase significantly.
The 0.5% sounds like a nice limit for gambling/fun. It's small enough that you really could lose it all without really causing a dent in your portfolio. I was considering 1% but I think it's too high.I try to keep my fun money down to less than 0.5% of my investment portfolio. My most recent acquisition was FLT (Drone Delivery Canada). It's done pretty well so far!
TLT.V - up from .23 a share to .32 a share. 39% increase in a month! Still holding. Honestly don't expect much from this one, but I bought it in my TD account, so it's a $10 commission to sell, which has deterred me from selling for over 6 years.TLT.V - Theralase Technologies. I bought at .22/share, it doubled almost immediately but I held on, and now, 6 years later, it's .23/share. LOL.
HBLK - Blockchain ETF.
EAGB - Canadian version of ARKG, the ARK genomics ETF.
Wow this is quite the chart. I had not heard of HBLK before... it's a tiny ETF (only $41 million in assets) that invests in a collection of crypto coin related stocks. Very interesting.HBLK
I've been using ETFs like this to get some great ideas. A lot of the holdings are typical big tech/finance stocks that happen to be dabbling in blockchainVery interesting. This is going on my legitimate watch list.
HBLK is currently over twice the assets under management of HBGD. But yeah, another interesting one. I have to be careful though... I somewhat work in this sector. Maybe that means I should not invest in them at all.You can also look at HBGD. I like that one. Both on are my watchlist of potential investments.
I read some whitepapers on the Blockchain industry and it is forecasting some amazing growth for the next few years ~ 67% cagr. This might be the best growth industry overall.You can also look at HBGD. I like that one. Both on are my watchlist of potential investments.
I sort of avoided this area because it is so complex and is like learning an entire new language but the returns look too good to ignore.Hive has done very well in my TFSA. I chose it over some of the more popular US miners because electricity is cheaper in Canada. I don't like crypto mining or BTC I think more efficient and advanced blockchains should make it irrelevant but it seems to be all that most people can handle for now.
Voyager and Galaxy have also done well. Unfortunate that Galaxy is only 3rd to get an ETF approved instead of first and Voyager has been a victim of its own success by getting bombarded with new signups. The blockchain stocks in the US seem more hyped up so I'm unclear why these 2 are traded on TSX