I hate THC

Well I did look at it yesterday. And I knew it was a stinker. I was just so baffled by the fact that it was zooming up yesterday, I figured this stock was too unpredictable and better for me to leave alone

I need to learn to trust my inklings
 
THC is delta-9 tetrahydrocannabinol, the major psychoactive chemical compound produced in high concentrations in marijuana

What's not to like about that? :cool:
 
Quote from nyc-hotshot:

THC is delta-9 tetrahydrocannabinol, the major psychoactive chemical compound produced in high concentrations in marijuana

What's not to like about that? :cool:

Yeah but this joint is a dud.
 
Quote from AAAintheBeltway:

Rather than buying calls, I would consider playing this with a put credit spread or perhaps even a backspread. That way the pumped up vol's work for you.

I am aware of the extremely high IV. And, I normally would do a Put Credit Spread on a stock in a situation such as this. However, this is a one-day trade. I normally do not buy options (anymore). I suppose I could also do a calendar spread and take advantage of the lower IVs in the back months.

BTW, is anyone else seeing lots of trades on the underlying go off way outside the BxA? I mean .50 to 1.00 outside.
 
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