Target Corp. TGT &
Canopy Growth Corp. CGC – Options Review
As usual, we offered up some fresh options ideas to our readers in yesterday morning’s premarket report, and unsurprisingly, we saw some very nice moves out of all of them. We had identified potentially attractive targets in both the CGC and TGT chains, and everything worked out in our favor.
Here were the total possible gains that could have been achieved on the day:
TGT Weekly $119-123 Calls
$53 Calls – Range: 1.73-8.20 – Max Gain: 374%
$52.50 Calls – Range: 1.35-7.20 – Max Gain: 433%
$52 Calls – Range: 1.00-6.30 – Max Gain: 530%
$51.50 Calls – Range: .74-5.34 – Max Gain: 622%
$51 Calls – Range: .53-4.50 – Max Gain: 749%
CGC Weekly $15.50-16.50 Calls
$19.50 Calls – Range: .43-2.90 – Max Gain: 574%
$20 Calls – Range: .36-2.37 – Max Gain: 558%
$20.50 Calls – Range: .35-1.99 – Max Gain: 469%
We’re going to stick with both of these chains, but roll up our potential strike prices to stay a little closer to the action. We’ll be tracking the TGT Weekly $126-128 Calls and the CGC Weekly $18-18.50 Calls.
Grom Social Enterprises, Inc. GRMM – News Update
We also wanted to swing back around to GRMM, a stock that we did an in-depth report on earlier this month. The company has just announced a $2M debt conversion at a premium to market pricing in a move that does a lot to strengthen the company’s balance sheet.
If you have yet to take a closer look at GRMM and it’s kid-safe social media platform, we urge you to click the link above or below and seek out our in-depth report.
Boca Raton, Florida, Nov. 21, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Grom Social Enterprises, Inc. (OTCQB: GRMM) (“Grom,” the “Company,” “we,” “us” or “our”), a leading social media platform and original content provider for children between the ages of 5 and 16, today announced that it has strengthened its balance sheet through the conversion of $2.0 million of debt to equity at terms believed to be favorable by the Company.
Pursuant to the terms of the transactions, certain of Grom’s noteholders converted $1.8 million of convertible promissory notes into common stock at terms believed to be favorable by the Company, while management converted $200,000 of interest-free loans due from the Company into common stock at $0.175 per share, a premium to the current market price per share. Including this transaction, Grom senior management has converted approximately $1.7 million of debt into common stock since 2018, all at a significant premium to market. (>>View Full PR)
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