I bought a Vertical Put Spread at $200
Spread is exp May 17 Strike 42.5/37.5
max profit is $300 if exp below $37.5
CGC has been fading as it drags lower due to investors being torn between ACB and CGC.
Symmetrical triangle didn't work out as there was 3-4 false breakouts which moved it lower in the end through 60 support.
This is a support/resistance trade.
This is a paper trade.
Spread is exp May 17 Strike 42.5/37.5
max profit is $300 if exp below $37.5
CGC has been fading as it drags lower due to investors being torn between ACB and CGC.
Symmetrical triangle didn't work out as there was 3-4 false breakouts which moved it lower in the end through 60 support.
This is a support/resistance trade.
This is a paper trade.
Trade closed: target reached