News out of Canada regarding the legalization of marijuana has impacted volatility of medical marijuana stocks. This is an interesting opportunity to get back to basics, including a covered call and a cash-secured put. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

• A review of last week
• How did the trade work out?
• Legal pot in Canada? That impacts IV for CGC
• What is our outlook?
• Setting up the trade
• What do we want to happen?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].