Hedge fund manager Doug Kass reloading as calls remain cheap and put call ratio low

Doug Kass timed the last cannabis industry run and dip from schedule III and is back again.

Says he is "reloading" with "more to come".

"

*Working with a $7.70 limit.

As suggested in my most recent cannabis column (last week) I am reloading in (MSOS) – with a much improved upside reward vs. downside risk (having declined from nearly $12/share recently).

More to come in the next day or so.

Position: Long MSOS common (M) and calls
BY DOUG KASS JUN 3, 2024 12:30 PM EDT"

No longer playing with a short call? Play the game "what calls did Kass buy today?". Go deeper to confirm but based on initial observed changes in call volume imo I would not rule out 6/7, 6/21, and 7/19.

"I have reestablished longs in individual cannabis equities — Trulieve Cannabis  (TCNNF) , Curaleaf Holdings  (CURLF) , and Green Thumb Industries  (GTBIF) . BY DOUG KASS JUN 3, 2024"

All of these have dispensaries in Ohio. Ohio applications are this Friday (6/7). Big Ohio buyers coming? Algos running as the switch goes from med to rec?