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 really want to be in on the Marijuana markets however, I am so skeptical especially with the recent Vaping controversy. Great tip though! Real Life Trading Rocks!
Reallifetrading
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@HemiMedic, THANKS! And I 100% agree. That's one thing that's hurting the sector badly. $18.00 though ~ not a TERRIBLE price to own (if it comes to that) :-)
HemiMedic
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@Reallifetrading, I may just buy some shares of CGC and hold it long term especially at 18.00! LOL Thumbs up!