I wanted to share a trade update with you all from the MJ Alternative Harvest.
Last week, we experienced a cloak and dagger – meaning that a large trader came in and bought 2k August 28th puts for about a dollar.
The same large trader also ended up purchasing 2k September 26th puts on the MJ Alternative Harvest.
With this type of setup, the question becomes whether the trader is trying to protect a book of long stocks or is it a pure speculate bet due to the fact that they believe cannabis stocks are going to move lower.
In today’s video, I’m sharing my thoughts on this trade and where I think cannabis stocks are headed within the next couple of weeks.
The Future of Wealth
P.S. If you miss my first update of this trade on the MJ Alternative Harvest, don’t worry. You can still watch the video by clicking on the button below.