currently run by U.S. Attorney General Sessions. How-
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the DEA announced a new policy designed to increase (beyond one) the number
and doctors cannot prescribe any marijuana
the lone DEA-registered cannabis manufacturer
cannabis is federally prohibited. For nearly 50 years
distribution and prescription of medical cannabis products in the United States. The
we expect the FDA and the DEA will have developed data and protocols
but they approach this lack of experience differ-
richest men'--- that can't be redeemed -
the media portraying me as beyond redemption
to buy or sell any securities or other financial instrument or any derivative related to such securities or instruments (e.g.
sell 1x EFA May17 ATM call 6-Mar-17 -0.15% -0.20% 19-May-17 EFA rallied strongly leading into the second round of the French elections but subsequently stalled
sell SX5E Dec18 2500 put 27-Sep-16 3.97% 1.9% 8-May-17 SX5E has rallied 23.3% since we entered the trade and European political risk abated for now
short SPX Dec17 2400 call 30-Jan-17 -0.80% -0.71% 21-Apr-17 The reflation trade has slowed down and the market is in a holding pattern. The long Apr-17 call
we recommended remaining long equities with cheap hedges. The hedge expires out
short SX5E Dec17 3450 call 30-Jan-17 -0.60% -0.18% 21-Apr-17 Apr17 option expired so we unwind the entire trade as planned
short SX7E Jun17 120 call 2-Dec-16 0.74% -5.88% 27-Mar-17 The call vs call relative value trade is now riskier given the potential reversal in US reflation trades
sell Jun-17 127 call 23-Jan-17 1% 0.31% 17-Mar-17 While GLD rallied strongly earlier in the life of the trade
USO>105% dual digital 3-Oct-16 11.80% 0% 17-Mar-17 The trade expires OTM due to the SPX rally and a sell off in oil over the past two weeks
XLU put} 19-Sep-16 1.38% 0% 17-Mar-17 While XLF has rallied ~30% since inception