tiprankstipranks
Canopy Growth call volume above normal and directionally bullish
The Fly

Canopy Growth call volume above normal and directionally bullish

Bullish option flow detected in Canopy Growth (CGC) with 19,536 calls trading, 3x expected, and implied vol increasing over 1 point to 135.39%. 11/8 weekly 6 calls and 11/8 weekly 5.5 calls are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.12. Earnings are expected on November 8th.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App