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
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