This sure looks familiar, doesn't it? CRON has a lot more going for it than TLRY, but we still lack justification for this recent rush up. Too high maaaan, it got too highhhh.
Notice the uptick in buying and selling volume here recently - this is typical in the end of a bubble cycle. Also notice the downward cypher pattern we are setup to form.
Bought a 50 delta, March 1st put on it - expecting to hold till around the $16 level. If you hop on the short train, be ready and be careful; this is about to be a wild ride.
This is spot on, so far. Impressive. It explains why it bounces up so high each time. Without experience, you would be seduced to think you should buy in, and soon realise you lost your money.
Derivati_Capital
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This is beginning to look an awful lot like the "denial phase" that AMD had last September.
Derivati_Capital
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Flipped the put on the downside today to buy back after the bounce. Lowered cost basis? Yes please!