Mike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk pot stocks. For access …
In the Options Action segment, traders are seen making significant bets on cannabis stocks, indicating an increasing interest in the sector. The surge in options trading is driven by both speculative and hedging strategies. Speculators are wagering on the potential for cannabis stocks to rally, while others are using options to hedge their existing positions in the sector. The growing support for marijuana decriminalization and legalization, coupled with improving financial performances from established cannabis companies, has fueled optimism among investors. With several states legalizing recreational cannabis use and the expectation of federal legalization in the future, traders are finding opportunities to profit from this evolving landscape in the stock market.
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