Aurora’s huge implied volatility could mean there’s a trade developing
Aurora Cannabis Inc(ACB) currently trades at $0.90 and has 21.15% in the past 24 hours. Given the way analysts feel about Aurora Cannabis right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Based on this information, Premium Stock News rates this stock a 4 out of 10. We give it this rating because The cannabis market is a gamble more than an investment. Buying shares in ACB could backfire in the upcoming months. The high forecast for Aurora Cannabis Inc is $3 and the low is $0.72. Notably, the company’s market cap is $1.038 billion with a 52 week high of $9.37 and a 52 week low of $0.60.