RE:THE SCHOOLING OF THOSE WHO MARRIED THIS STOCK
SAVED your post so I can laugh at you when I point out how wrong you are.
For the October 18 options expiry date
There's 4917 calls at $25 U.S
6198 calls at $27.50 U'S
19116 calls at $30 U.S
5113 calls at $32.50 U.S
12328 calls at $35 U.S
Not seeing too many PUTS but then these guys have either broken even or are close to it.
So why is OCT 18 SO IMPORTANT.........
1- OCT 17 is the day cannabis legalization 2.0 goes into effect ( before the Federal Election so if the Conservatives win it will still pass.
2- Nov 13 earnings report
3- Safe Banking act that passed last week will go to the Senate soon and will most likely pass.
There's been a huge attack on Canopy Growth since last week..Downgrades negative analyst reports just piled on...There's also been negative reports on the whole industry...
IT'S no secret that the cannabis industry has been shorted like crazy.. It's also no secret that it has costed the shorts a fortune to borrow the shares.
IMHO this has been a coordinated attack by institutions looking to either cover their bet or at least lower their losses.