Trade Of The Week: SNDL

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There was some crazy unusual options activity last week in Sundial Growers (SNDL). Sundial is a cannabis grower based in Canada that had 3 billion shares trade in one day last week, along with over 2.5 million options contracts. Cannabis companies have been in the spotlight for multiple reasons, including lots of attention on Reddit forums (where groups get together to all buy the same stock/options). One interesting trade was a long-term covered call in SNDL that collected a huge premium without a significant amount risk.

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