Making an on the record rec:
The is the strategy I mentioned going back that has served me very, very well, and I found an opp. I am posting because I promised someone I would post if one came up and I keep my word.
Sell to open VFF 01/15/21 $4 puts at $1.05 at the open.
Buy to open VFF 01/15/21 $6 calls at $1 at the open.
After the transaction, you will have net been PAID $0.05 per "share" to own this strategy. If things go south your WORST case scenario is you end up net owning VFF shares at $3.95 to which I say, YES PLEASE ALL DAY, and how do I get as much as possible? I own a **** ton of the common, and I sell puts all the time to net lower basis. If you have to slide a nickel on each to fill, don't sweat it. You are still around breakeven. But getting net PAID on plays like this, even just a net nickel, feels great.
If things go well and the underlying stock goes where I think it will, the puts (which you sold short @ 1.05) will expire worthless, allowing you to keep the whole $1.05 premium, and the calls, which you will have been PAID to own, will do something very beautiful that you will like very, very much. If the stock goes to $8 (and I will be disappointed if that's where it goes to) you will have made around (guessing where the option will be) 40X+ on your 5 cent per share net investment, assuming the call goes to only $3. You can do your own math @ $10, etc. Getting things like this to work is how you murder.
Keep in mind that you need to have enough cash or margin availability to be able to buy the stock at $4 (100 shares per contract) so your brokerage is protected in case it goes down and you are forced to buy at $4 at expiration. Classic takes money to make money scenario.
), higher than the early 2019 cannabis bubble, I am bumping my first ever "call" on this site. 
