Spotlight on Canopy Gwth: Analyzing the Surge in Options Activity
Spotlight on Canopy Gwth: Analyzing the Surge in Options Activity
Investors with significant funds have taken a bullish position in Canopy Gwth (NASDAQ:CGC), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in CGC usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Canopy Gwth. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 80% being bullish and 20% bearish. Of all the options we discovered, 9 are puts, valued at $390,515, and there was a single call, worth $41,000.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.0 to $21.0 for Canopy Gwth over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Canopy Gwth options trades today is 4392.67 with a total volume of 1,424.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Canopy Gwth's big money trades within a strike price range of $7.0 to $21.0 over the last 30 days.
Canopy Gwth 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CGC | PUT | TRADE | BULLISH | 11/15/24 | $15.7 | $14.95 | $14.95 | $21.00 | $58.3K | 0 | 80 |
CGC | PUT | TRADE | BEARISH | 04/26/24 | $11.4 | $11.2 | $11.4 | $20.00 | $47.8K | 0 | 42 |
CGC | PUT | TRADE | BULLISH | 10/18/24 | $14.45 | $13.75 | $13.75 | $20.00 | $41.2K | 5 | 238 |
CGC | PUT | TRADE | BULLISH | 10/18/24 | $14.45 | $13.6 | $13.75 | $20.00 | $41.2K | 5 | 208 |
CGC | PUT | TRADE | BULLISH | 10/18/24 | $14.45 | $13.75 | $13.75 | $20.00 | $41.2K | 5 | 31 |
About Canopy Gwth
Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include skincare products under Martha Stewart CBD and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.
Following our analysis of the options activities associated with Canopy Gwth, we pivot to a closer look at the company's own performance.
Present Market Standing of Canopy Gwth
- With a volume of 9,470,636, the price of CGC is up 13.55% at $8.91.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 58 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
擁有大量資金的投資者對Canopy Gwth(納斯達克股票代碼:CGC)持看漲立場,零售交易者應該注意這一事態發展。
今天,通過對本辛加可公開訪問的期權數據的監控,這引起了我們的注意。這些投資者的確切性質仍然是個謎,但是CGC的如此重大舉動通常表明對即將發生的事件的預感。
今天,Benzinga的期權掃描儀爲Canopy Gwth確定了10筆期權交易。這是一種不尋常的事件。這些大型交易者的情緒喜憂參半,80%看漲,20%看跌。在我們發現的所有期權中,有9個是看跌期權,價值390,515美元,還有一個看漲期權,價值41,000美元。
預期的價格走勢
考慮到這些合約的交易量和未平倉合約,在過去的3個月中,大戶似乎一直將Canopy Gwth的價格定在7.0美元至21.0美元之間。
對交易量和未平倉合約的見解
就流動性和利息而言,今天Canopy Gwth期權交易的平均未平倉合約爲4392.67份,總交易量爲1,424.00。
在下圖中,我們可以跟蹤過去30天Canopy Gwth在7.0美元至21.0美元行使價區間內的大額資金交易的看漲期權和未平倉合約的變化。
Canopy Gwth 30 天期權交易量和利息快照
觀察到的最大期權交易:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CGC | PUT | TRADE | BULLISH | 11/15/24 | $15.7 | $14.95 | $14.95 | $21.00 | $58.3K | 0 | 80 |
CGC | PUT | TRADE | BEARISH | 04/26/24 | $11.4 | $11.2 | $11.4 | $20.00 | $47.8K | 0 | 42 |
CGC | PUT | TRADE | BULLISH | 10/18/24 | $14.45 | $13.75 | $13.75 | $20.00 | $41.2K | 5 | 238 |
CGC | PUT | TRADE | BULLISH | 10/18/24 | $14.45 | $13.6 | $13.75 | $20.00 | $41.2K | 5 | 208 |
CGC | PUT | TRADE | BULLISH | 10/18/24 | $14.45 | $13.75 | $13.75 | $20.00 | $41.2K | 5 | 31 |
關於 Canopy Gwth
總部位於加拿大史密斯福爾斯的Canopy Growth通過包括Doja、7ACRES、Tweed和Deep Space在內的品牌組合種植和銷售藥用和休閒大麻以及大麻。其非四氫大麻酚產品包括瑪莎·斯圖爾特CBD和Storz & Bickel蒸發器下的護膚產品。Canopy Growth正試圖將其美國資產合併爲一家獨立運營的控股公司Canopy USA,該公司不會合併到這家加拿大公司的財務狀況中。
在分析了與Canopy Gwth相關的期權活動之後,我們將轉向仔細研究公司自身的表現。
Canopy Gwth 目前的市場地位
CGC的交易量爲9,470,636美元,上漲了13.55%,至8.91美元。
RSI指標暗示標的股票可能接近超買。
下一份業績預計將在58天后公佈。
與僅交易股票相比,期權是一種風險更高的資產,但它們具有更高的獲利潛力。嚴肅的期權交易者通過每天自我教育、擴大交易規模、關注多個指標以及密切關注市場來管理這種風險。
譯文內容由第三人軟體翻譯。
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