GIII Apparel Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GIII Apparel Group prior to the earnings report this week,
I would consider purchasing the 17.50usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $1.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GIII
GIII- Flag formation continuation Long from $25.83 to $35.87GIII seems forming a flag formation. Moneyflow crossed to the positive side.
Interesting insider info- CEO as been a long time seller of his stock but has recently bought a bunch which is the first purchase since 2011. We think it will continue its flag formation & can go up to $36 area.
* Trade Criteria *
Date First Found- June 7, 2017
Pattern/Why- Flag formation continuation.
Entry Target Criteria- Break of $25.83
Exit Target Criteria- $35.87
Stop Loss Criteria- $21.77
Please check back for Trade updates. (Note: Trade update is little delayed here.)