Options Traders Expect Huge Moves in Cronos (CRON) Stock

in #cannabis6 years ago

Investors in Cronos Group Inc. CRON need to pay close attention to the stock based on moves in the options market lately. That is because the Mar 22, 2019 $19.00 Put had some of the highest implied volatility of all equity options today.

Interesting article about where the stock price of Cronos might be heading based on the trading of options. I've been a seller of the out of the money covered calls lately, but am going to hold off everything until after earnings next week. If this article is correct, there might be a good chance to make some money trading the stock in the near term.....

Read the full story here....
https://finance.yahoo.com/news/options-traders-expect-huge-moves-125012622.html

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Cronos closed the day right around $21.25....

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