Cannabics Pharmaceuticals, Inc. CNBX
We began talking about CNBX earlier this month, mentioning it on the 5th and 6th, as part of our ongoing effort to remind our readers of the myriad opportunities there are, and will continue to be, in the cannabis space. We’re now less than two weeks away from an election that should dramatically alter the landscape of the marijuana business.
CNBX is among a number of pot-related plays that we’ve had on our running tracklist, and with the help of a really strong month overall, it has come all the way from our observed low of .06 on the day of our initial mention (10/05) to a new high yesterday of .377. That works out to an increase of 528% inside of three weeks.
It wasn’t the first time we’ve seen such a huge move out of a cannabis stock, and it certainly won’t be the last.
MyDx, Inc. MYDX
Speaking of the cannabis sector, MYDX is another constituent of that space that we’ve been tracking this month only to witness some excellent moves to the upside.
We entered MYDX into the mix on the 10th, and subsequently observed a low of .0225. Since then it’s been a fairly steady ramp-up and yesterday the stock achieved a new high of .0525. It represents a total PPS rise of 133%, which, like the above-mentioned play, occurred in a span of less than three weeks.
Fresh Options Ideas
We’re going to close things out for the week with the following options ideas.
AMZN Weekly $780-772.50 Puts*
RCL Weekly $67.50-72.50 Calls*
*Don’t forget what we always say regarding the trading of weekly options on a Friday. Advanced traders ONLY!
CGRA, LQMT, ALKM, QEDN, TTCM, VOIS