Very simply we are on the precipice of a significant catalyst within the cannabis industry that can occcur at any moment. The Administrative Law Judges final recommendation regarding the Presidents Schedule 3 order of April 2026 for cannabis.
The sector is coiled and money has moved into position to play the face melting rally that tends to happen around a major announcement in the industry.
One should only look at the call volume O/I for October 16 5 and 6 calls. About 27k ITM at 5 and about 53k at 6. O/I call put ratio at extremely bullish 0.14 and msos has broken 5 dollar resistance.
Msos and cannabis have extreme volatility on news. Friday, December 12, 2025 — +54.3% on MSOS
This is the biggest one-day gain on record for the ETF. Reports that Trump planned an executive order to move marijuana toward Schedule III sent the whole complex vertical. Volume on MSOS hit \~89 million shares. Individual names printed even larger: Canopy Growth \~+50–54%, Tilray +40%+, Curaleaf +38%. Multiple cannabis ETFs (CNBS, WEED, MJ) also had their best days ever.
2. Wednesday, April 22, 2026 — \~+19% on MSOS
The actual DOJ/DEA order reclassifying state-licensed medical cannabis to Schedule III hit. MSOS went from a prior close of $4.28 to $5.11 (high $5.47) on 56 million shares.
All this to say… the time is now boys
Positions;
MSOS October 16 6 calls : 400
GLAS : 10,000 shares at 7.90
MSOX : 15,000 Shares at3.25
Verano 4000 shares at 5.52