Weed ETF Holds 90% Cash. Here’s Why.
At Masters in Trading, our focus is to empower traders to find high-probability trades through a repeatable process, with a FOCUS on mitigating risks to optimize returns.
To find trade ideas we use Wall Street Wiretapper, an Unusual Options Activity Scanner powered by AI.
The Perfect Week
The Team at Masters in Trading shared 3 trade ideas with the membership on September 25th, 2022 that were straightforward trade ideas, with a known amount of risk, along with considerable upside potential.
“The interesting thing about this week, and I put this in a note to Jonathan over the weekend, is that sometimes I have to go through a lot of names in order to find 3 trades that make sense to me. This week, these 3 trades jumped off the page at me. This was the least amount of effort it took.” – Stacy Brovitz, CFA explained when sharing trade in our live Q&A on September 26.
Let’s highlight the 3rd trade in $MSOS.
MSOS is a cannabis ETF that was all over Wall Street Wiretapper, our Unusual Options Activity scanner.
Weed stocks have been challenging to trade, because everyone assumes that the big news will come next week, or the week after, but it never does. So time was a major factor in trading cannabis stocks.
That all changed when Stacy Brovitz noticed unusual trading activity in an ETF, MSOS. Stacy noticed the ETF sitting on 90% cash so he dug deeper.
Here’s what he found, along with the trade idea shared with members on 09/26/22.
Masters in Trading Digest - Issue 124
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FINAL THOUGHTS
WHAT TO EXPECT IN THE NEXT MIT DIGEST
The next issue will be released on Monday.
Until then, trade smart and always manage your tail risk.
Thanks for reading,
Jonathan Rose
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