NBEV Retrace May Offer Another Option?

New Age Beverage is one of our favorite cannabis plays. Great fundamentals along with a stream of supportive news in this sector has helped drive price toward its next major resistance level between 7.35 and 8.50 Our plan is simple: carefully sell put options into pullbacks with the intent to take delivery. Once this market starts pushing into the 8's, we will sell covered calls. One of the reasons it has been on our radar is the fact that it still has great premiums for such a cheap stock. Currently we are eyeing the December 21st $5 put.