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?
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.