Click Here To See how Shadow Blitzes targets 200%+ gains in just 24 hours.
Recently, someone came in and bought 2K August 28th puts… which means they’re putting a huge amount of risk on the line that the MJETF will trade below $27.00 by August expiration.
And in today’s video, I’m covering two concepts that’ll explain this event…
The first: the Cloak and Dagger Pattern on the MJ Alternative Harvest, or as I like to call it… the Cannabis ETF. The ETF is a vessel of stocks consisting of some of the largest cannabis stocks out there, such as Aurora Cannabis Inc, GW Pharmaceuticals, and Cronos Group.
And the second: Why? Why is this happening and how can I use this to my advantage? This is something you should be asking yourself every time you make a trade, invest, or even think about doing either one of those two things.
Maybe they’re long and want to buy some downside protection or maybe they want to hedge their book and buy these puts as an insurance policy?
I’m going to keep you updated on this position in the MJETF, so stay tuned and enjoy today’s video!
Lance Ippolito
The Future of Wealth