Canopy Growth Recovers From Earnings
Breaking news here!
A massive trade has been placed in Canopy Growth (CGC) and I haven’t seen a trade like this in the cannabis sector in a very long time.
CGC is the largest cannabis company in the world that engages in the production and sale of medical marijuana and focuses on the treatment of chronic pain, seizures, muscle spasms, and much more.
In a previous update, I spoke about a similar Cloak and Dagger Pattern on the MJ ETF… and now, someone has put $1 million on the line by purchasing call options with January expiration.
In other words, someone came into the options market and believed that CGC could rally from $28.25 to $35 a share by January expiration.
That’s over a million dollars in premium and an enormous bet in cannabis stocks!
And if you want to see how you can place trades in Canopy Growth and track or follow this particular order, tune into today’s video for a helpful tip.
Lance Ippolito
The Future of Wealth
P.S. If you missed my previous Cloak and Dagger update, then click on the button below to learn about this strategy and how you can use these types of trades to your advantage.
