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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 34,049 calls trading, 1.9x expected, and implied vol increasing almost 8 points to 150.41%. 4/26 weekly 11 calls and 4/26 weekly 9 calls are the most active options, with total volume in those strikes near 21,000 contracts. The Put/Call Ratio is 0.17. Earnings are expected on May 30th.

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