ITPM Flash is a video series from the Institute of Trading and Portfolio Management (ITPM), founded by Anton Kreil, that provides market insights from the Institute’s senior trading mentors.

Disclaimer

This blog post is for informational purpose only and no investment advice. Always do your own research! Read the disclaimer here >>>

ITPM Flash Ep40 – Summary

In this episode senior trading mentor Ben Berggreen gives an update about one of his trade idea from last month’ Flash episode and talks about the cannabis industry.

Newmont Mining Corp (NEM)

In the last episode from March 15th with Ben Berggreen he mentioned NEM as a potential gold trade. At that time the stock price was trading around $34 and he mentioned buying the $35 April calls which rallied to $5.25 a 4.25 Risk/Reward ratio!

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From ITPM’s Flash Youtube Video

Cannabis

Ben mentions the recent developments in the cannabis industry around the world. Of course, this is a controversial topic! But putting this aside, we need to stayo open minded as traders.

On March 22nd Germany legalized the recreational use of cannabis. It is allowed to grow your own plants and use them, but selling is still illegal. In the USA, there are plenty of states where it is already legal (see map below – dark green is totally legal).

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From ITPM’s Flash Youtube Video

Ben sees the legalization of cannabis as a theme which might take longer to play out. That’s why he is buying an ETF and not individual names and also extending the duration of the trade. He is using MSOS, a cannabis ETF (see the holdings below).

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From ITPM’s Flash Youtube Video

Because this is a more risky trade / theme, Ben is pushing his trade out until September. He is using a calendar spread, going long the September $11 calls and selling the June $12 calls.

ITPM Flash Ep40 – Conclusion

More and more Countries around the world are legalizing the recreational use of cannabis, with Germany being the recent one! There might be a theme which offers us traders a good entry. Due to the risky nature of this trade, Ben suggests going out further as the standard 20 to 60 days time horizon.

About me

The Institute of Trading and Portfolio Management (ITPM), founded by ex-Goldman Sachs trader Anton Kreil, helped me on my journey to become a profitable retail trader

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Review of ITPM Courses

The courses of the Institute of Trading and Portfolio Management helped me massively to become a profitable retail trader. I genuinely believe that ITPM provides the best trading education on the market – but not everything is perfect. Find out more in my reviews

Results of my Mentoring with Anton Kreil

In September 2022 Anton Kreil asked me and another one of his former mentees, if we want to do a webinar with him. After the Thailand class in April 2022 and the following mentoring with Anton from Mai to July 2022 I thought it was great opportunity to show what I have learned and how I have progressed

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ITPM Thailand Mentoring

After completing my first ITPM Course, the PTM 1.0 (the predecessor of the PTM 2.0), I knew I want to do a mentoring. After a thorough analysis I decided to attended the April 2022 Thailand mentoring class

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