Cronos Group, Inc. CRON
We’ve been routinely tagging CRON for quite some time now. We saw a very nice move from the stock back in August, but more recently, we observed a consolidation down to a low of 6.50 around the middle of last week. Since then, the stock has mounted a solid rebound effort.
Yesterday the stock came back to hit 8.32, marking an upswing of 28% in under a week. We’re going to continue to montitor the stock’s recovery, and track a pair of options in its chain as well. We’ll place the CRON Weekly $8 & $8.50 Calls on watch for the remainder of the week.
Fresh Options Ideas:
CVS Health Corp. CVS Weekly $75 & $75.50 Calls
Toyota Motor Corp. TM Weekly $115 Calls
CALX, BLIN, MTW, DRNA
G-III Apparel Group Ltd. GIII
Among our fresh ideas for yesterday’s premarket report was GIII, in whose options chain we signaled a pair of contracts for observation shortly after the company’s quarterly report was issued. Those were the GIII 09/21 $45 & 50 Calls, and despite a very up-and-down session for the stock itself, opportunities for intraday profits were on the table early on in the session.
The $45 Calls traded up from a low of 2.67, to as much as 6.00, representing an upswing of 125%, while the $50 Calls ran from 1.03-2.49 for a 142% pop.
These could still see further action down the line. still being two full weeks from expiration, with the current bearish attitude of the market being only a temporary hurdle.
Fresh Options Idea:
Speaking of bearish attitudes, that’s going to be our take on some SPY Calls this morning to finish out this short week. We’re going to look for a break below $287, and place the SPY Weekly $288-287 Puts**
**Please do not trade weekly options on a Friday unless you are an advanced level trader with disposable funds!
DRNA, GCO, FIVE, DOMO, NBRE, TAHO