Canopy Growth Corp (WEED)

[TMEvans]

If one was that confident it wouldn't go below $8 (or was happy being a buyer at effectively $7.35, if it did), one can sell $8 put options for 65¢ each, expiring in October... So, for each one you sell you keep the 65 cents, but bear the responsibility of buying a share at $8 if the holder exercises their option to "put" it to you (which they would only do if the market price at the time was below $8)... If by the expiry date they haven't been exercised, you're off the hook, and 65 cents richer!