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Exxon On Tuesday Morning.

It's down. The 117 Puts are up over 40 %. Only one Put sold on the 117 series of Puts in the first three minutes of trading. Now look at the Calls. This time we are lowering the striking price by $2.00 to get closer to the "in-the-money" options. Will these Calls rebound? Slightly later. Let's jump ahead to see how they closed the day. I am not a big fan of holding onto short term options overnight on "last-week-to- expiring" options however these ones are still 1.5 weeks out. That's still not much comfort. My excitement of my previous blog yesterday talking about four trading opportunities to trade in these options in one day has now lost some of it's shine. The one assurance with trading these options is that oil is an international commodity and the outcomes of how it is going to trade are outside of the control of the market makers and the stock Exxon. Option trading on Exxon is not always a walk in the park. Let's see what happens.
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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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