Moderately bullish activity in Canopy Growth (CGC), with shares up 3c, or 2.44%, near $1.26. Options volume relatively light with 9982 contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.2. Implied volatility (IV30) is up nearly 41.0 points near 173.88, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.14. Put-call skew steepened, indicating increased demand for downside protection.
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