top of page
Writer's pictureMomentum Stock Alerts
Apr 3, 20191 min read

$IIPR Cannabis REIT - Heading Higher off this Pullback - Position Taken

BotTrigger Trade Alert: $IIPR bought the July 19th $75 / $80 Vertical Call Spread @ $2.40 for a 5% allocation. MAX GAIN = $5 for a 108% return so long as IIPR's share price merely closes @ or greater than $80/share upon expiration.



We have been waiting for IIPR to meaningfully pullback so that we option premiums would get significantly discounted. We now have that with this -19% pullback that has occurred from the ATH peak of $93.24 to the trough low (thus far) of $75.56. Now what I love about this particular Call-Spread opportunity: we stand to make a 108% RETURN ON INVESTMENT so long as IIPR's share price merely closes @ or greater than $80/share UPON JULY 19th expiration which is just 107 days away. We're not asking/hoping for IIPR to even retest the highs in this setup. All the stock needs to do is move up about 3% from it's current level upon expiration this trade stands to make a 108% return. MAX VALUE = $5 which is what will yield that 108% return. Breakeven = IIPR's share price closing at least @ $77.50 upon expiration & MAX LOSS occurs is share price closes at or below $75 per share UPON EXPIRATION. Again we don't care if IIPR struggles a bit in the near to intermediate term...all we care about is price at least getting back above $80/share upon expiration and we're golden. Notice I've forecasted 2 different scenarios of how price action is likely to cultivate in getting there from now till then.

Comments

Some of the greatest pearls shared by Jesse Livermore:

​

“Money is made by sitting, not trading.”

​

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

​

“Buy right, sit tight.”

​

“Nobody can catch all the fluctuations.”

​

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

​

“It takes time to make money.”

​

“Don’t give me timing, give me time.”

bottom of page