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Looking For Something To Buy On A Tuesday Afternoon?

How about one of these two situations. First Nvidia. The markets are strong and Nvidia was up smartly on the previous day. These Calls expire tomorrow and are over one dollar "out-of-the-money" so they are high risk. That plus Tuesdays going into a Wednesday in short term option trading is not as good as Friday going into Monday situations. See my recent blog about Tesla Calls going into the opening markets yesterday morning which was a Monday. Might not Exxon suprise. You can see the price of oil is down today but could it stop falling? Exxon is off in price a chunk and the Calls offered a good buying opportunity this morning.. Moves downwards this much in a one day time period are somewhat rare. Let's see what happens. That leads us to a new topic. Overtrading. I like Fridays for it's one day options and for it's late in the day look at it's "next-week-out-options" which might at this point in time be somewhat mispriced. Resets in pricings can s...
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A Canadian Company Up 68% In One Day

Canopy Growth. It's one year and one day chart.
Now it's five day chart.
What's going on? Well let's start with why it surged last August.
So now what? Why did it pop this time? Well this time, like last time many of the stocks in the marijuanas space popped. Look at the last Fridays action in these other matijuana stocks.
Here is the news this time. Many sources talk about it in different way.
Now this.
So this kind of paints the picture of what is happening. Canadian companies have kind of got the jump on growing techniques after burning through billions of dollars in startup capital. Now they are all of on a mission to expand their footprints overseas. Skeptics of the industry who have witnessed these surges in this group of stocks might now tout this as being a good time to sell. Afterall there are millions and millions of outstanding shares and the daily volumes traded are at time quite insignificant.These are difficult stocks to play and even more difficult to play are options on them. Watching this segment of the market can be exhausting experience. A March 30th update. Look at how these stocks are trading one week later after this surge.
These numbers are diffcult to read so I will print them out. Sundial up another $.25, Canopy Growth up $.96, Village Farms up $1.03, Curaleaf up $.03, Tilray up $.16, and Aurora down $.67. Let the better times roll. **** To put things into perspective look at some of these ten year charts. Timing is everything. Look at the volumes of trading coming back into some of these stocks. What do you think is going to happen next?
More news, April 3th.

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