American Green, Inc. ERBB
In lieu of a typical extended watchlist yesterday morning, we included a series of cannabis related plays. From that list came the familiar face of ERBB, which had itself a solid session which included a strong close.
On more than three times its monthly average volume, the stock traded in a range from .00289 to a high of .0045 (+56%) before closing just a couple of ticks below at .0043. That’s the highest PPS since June of 2015, yet another indication that a second green rush is currently in force.
Procter and Gamble Co. PG – Options Recap
We also wanted to give a quick rehash of the moves made by the options we signaled for observation in yesterday’s report, the PG Weekly $85.50-88 Calls.
We mentioned we’d be on the lookout for a gap-and-go to start the session, and that’s exactly what took place. Despite tapering off toward the end of the day, some nice gains were there for the taking in the morning.
$85.50 Calls – Range: 1.70-2.43 – Max Gain: 43%
$86 Calls – Range: 1.36-2.04 – Max Gain: 50%
$86.50 Calls – Range: .97-1.53 – Max Gain: 58%
$87 Calls – Range: .66-1.25 – Max Gain: 89%
$87.50 Calls – Range: .41-.88 – Max Gain: 115%
$88 Calls – Range: .25-.61 – Max Gain: 144%
Lockheed Martin Corp. LMT – Options Idea
We’re going to formulate an options idea for major defense contractor Lockheed Martin today, which posted a healthy beat on earnings yesterday, causing a major spike on the chart that sent it up well past its 50DMA.
We’re going to be keen on the LMT 12/02 $255-260 Calls providing that the stock maintains support above this morning’s premarket high of 247.40 on any forthcoming pullbacks.
Extended Watchlist:
PURA, DNRG, HCTI, MYHI, EXMT, ENLB