A LOT of premium on OCT puts on CGC. Mostly because it's in a 'death spiral' it seems.
I don't really want shares of CGC, so I likely will BTC this put sale if I need to, but I'll be watching it closely. 10 contracts would be about $300 prem. And I'll buy to close if needed.
AND we could consider shorting any pull back as well. ;-)
I don't really want shares of CGC, so I likely will BTC this put sale if I need to, but I'll be watching it closely. 10 contracts would be about $300 prem. And I'll buy to close if needed.
AND we could consider shorting any pull back as well. ;-)
Comment:
CGC = straight up TANKZILLA.
My analysis so far
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