The shares of the cannabis stock Aphria Inc (NASDAQ: APHA) are rising this afternoon and receiving a nice little Halo-Lift Tilray (TLRY) from the upcoming merger partner after they signed a deal with Grow Pharma importing and distributing its medical cannabis products to the UK as a result, APHA is up 248%, previously hitting a new all-time high of $ 2368, the stock is targeting its sixth straight closing price above its 10-day moving average, a trendline that is next to two Days Provides a Resistant Support Layer for Much of 2021 APHA is up 230% in 2021, and options traders are coming out of the woodworks

To date have over 93000 calls and 13000 puts exceeded the band – four times the average intraday volume and speed in the 100 Percentile of its annual range The most popular is the weekly 2/12 25 strike call, followed by the call on the 25th February, with positions being opened in both places, which suggests that these traders are speculating a lot more on APHA by the time these contracts expire

Although calls overall significantly outperform puts, the option pits have been a little more pessimistic lately, in fact, the 10-day put / call volume ratio of Aphria stock is on the International Securities Exchange (ISE), the Cboe Options Exchange (CBOE) ) and the NASDAQ OMX PHLX (PHLX) over 77% of the measured values ​​of the past year

Pessimism could also be handled by short sellers and analysts alike. A healthy 67% of APHA’s total available float is being sold short, and the consensus-based 12-month target price of USD 648 is a massive 727% discount on current levels

The good news for options traders is that APHA’s Schaeffer Volatility Scorecard (SVS) is 83 out of 100, which means the stock has tended to outperform options traders’ volatility expectations over the past year

APHA share

World news – USA – Pot stock reaches record highs, options traders react – Schaeffers Investment Research

Source: https://www.schaeffersresearch.com/content/options/2021/02/09/pot-stock-hits-record-highs-options-traders-respond