Breaking MCOA News

Marijuana Company of America, Inc. MCOA – News Update

In addition to this morning’s premarket report, we also wanted to relay today’s fresh news out on MCOA to our readers, as promised. We recently compiled a special report on the company (>>Read Our MCOA Report) and are very interested in where the stock could go from its present levels.

This morning’s update provides more details on the company’s partnership with Cannabis Global, as highlighted in recent releases. 

LOS ANGELES, CA / ACCESSWIRE / October 27, 2020 / Cannabis Global, Inc. (OTC PINK:CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies and investing in fast-growing cannabis markets, today announced the inclusion of Marijuana Company of America Inc. (OTC:MCOA), as a research partner in its Project Varin research and development program. The two companies plan to collaborate on the development of new food and beverage products in conjunction with Natural Plant Extract of California, Inc. (>>View Full PR)

Recapping Monday’s Bearish Ideas

Recapping Monday’s Bearish Ideas

After officially wrapping up our last week’s excellent performance yesterday morning, and reporting the nice gains we managed on Friday, we kept the momentum going with some fresh options ideas. We always try to feed new ideas into the mix each and every day when possible, and keep our focus on where the potential action is heaviest.

We went bearish on both NRZ and SAP, signaling the NRZ $9-8 Puts and the SAP $130-120 Puts. In both cases we had access to significant gains on the day, which were as follows:

NRZ $9-8 Puts
$9
: .78-1.14 (+46%)
$8: .20-.48 (+140%)
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SAP $130-120 Puts 
$130: 12.10-16.96 (+40%)
$125: 8.82-12.55 (+42%)
$120: 5.30-8.55 (+61%)
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Fresh Options Ideas:
AMD Weekly $83-85 Calls
MRK Weekly $79-80.50 Calls
NFLX 12/04 $510-515 Calls


Extended Watchlist:
BRTXQ, IGEN, GAXY, GMPW, VSYM, RLFTF

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