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Last Day Options - Tesla

If your new to option trading you wil not have the courage to play "last-day-until-expiring options". I get that. Perhaps a mid week option trade would be better. Find a chart pattern that looks interesting and buy yourself a three day ride. Or safer yet, buy an option on Friday at the close with five days of trading life left in them. Correctly picking the right directional movement over such a time period would instill a feeling of confidence in what you are doing. If you fail in such an adventure what would I advise you to do? Give up? No. Study harder. Now let me throw this one at you. Here is a recap of a blog I posted yesterday where an option trade doubled in price in just less than ten minutes. In all fairness most newbie option traders would not be purchasing "out-of-the-money"Call options which expire in only a few hours. What I am about to say may sound a tad stupid. If you want to jump into the world option option trading Tesla is one of the top stocks...
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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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