CGC Trade on Apr 18, 2019 10:14 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-CGC caught news that it acquired rights to buy US pot business should marijuana become legal
-assumed there would be some profit taking given the stock spiked to 47.87 in A/H yesterday from 42.83 (closing)
-planned to enter put spread as it found support after some profit taking / time below VWAP
-found support at 45.53 which was a level set in the pre-market

Recap:
-entered 46/43 put credit spread
-had really good entry, but CGC failed to hold VWAP and crashed through 45.53 now to 44 before starting to make higher lows
-trending slightly higher in A/H

IVR=49%
Key corporate events (earnings, dividend, investor day, etc.)= earnings 6/19
How much risk should/did I take? risking $380 (~2% of NLV); this is appropriate

Trade Planning
-major support: 44, 40.50
-add point: NA
-stop loss: $190
-take profit price / risk-reduction plan: close at 60-80% max profit

2019-04-22 14:50:31
-scaled out of 1/2 position at 50%

2019-04-25 10:17:44
-scaled out remainder at ~70%