Bullish option flow was detected in APHA stock on March 1, 2021.
Make sure to review this lesson on options trading so that you understand the chart above.
Bullish option flow has been detected in APHA stock since February 22, 2021, when New Jersey Governor Phil Murphy said he signed “historic” legislation to legalize adult-use cannabis, decriminalize marijuana possession in small amounts, limit the use of previous marijuana convictions, and create a regulated cannabis marketplace. “I’m grateful to all our legislative partners who put so much into this process,” Murphy said. “I thank all the allies across the spectrum of social justice and the many leaders of our communities of faith who joined us in this work.” Murphy added that starting immediately, “those who had been subject to an arrest for petty marijuana possession will be able to get relief and move forward.”
Also on February 22, 2021, CIBC analyst John Zamparo raised the firm’s price target on Aphria to C$28 from C$18 and keeps an Outperformer rating on the shares.