October 30, 2024October 30, 2024

Canopy Growth call volume above normal and directionally bullish

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Bullish option flow detected in Canopy Growth (CGC) with 15,104 calls trading, 4x expected, and implied vol increasing almost 3 points to 130.31%. 11/1 weekly 6 calls and 11/8 weekly 6.5 calls are the most active options, with total volume in those strikes near 12,400 contracts. The Put/Call Ratio is 0.02. Earnings are expected on November 8th.

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