Eros International Plc. EROS
We revisited EROS yesterday morning, just under one month following our August 21st report, mentioning its recent run which began from a low of 1.20.
The stock was moving in the premarket in the wake of a news announcement placing the company in partnership with Microsoft. We felt the news had a chance to carry the stock even higher than we had seen it run already, and that’s just what yesterday’s session brought.
EROS ran to a new high of 3.92, which marked an overall increase of 227% over our observed low roughly three weeks ago. The performance was also good enough to land the stock in the #1 slot on the NASDAQ daily top gainers list.
Fresh Options Idea:
Overstock.com, Inc. OSTK 10/04 $15.50-16 Calls
SPDR S&P 500 (ETF) SPY Weekly $299.50-300 Calls*
*Please do not attempt to speculate with weekly options on a Friday unless you are an expert level trader with access to disposable funds!
Extended Watchlist:
NXGB, HDB, VEDL, PLAN, FNSR, CRC, MDR, SCS