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Canopy Growth call volume above normal and directionally bullish
The Fly

Canopy Growth call volume above normal and directionally bullish

Bullish option flow detected in Canopy Growth with 29,518 calls trading, 17x expected, and implied vol increasing over 1 point to 150.84%. 3/22 weekly 5 calls and Jan-25 0.5 (nonstd CGC1) calls are the most active options, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 0.15. Earnings are expected on May 30th.

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