NewAge Inc (fka NBEVQ) (NBEVQ)

[BefallenKnight]

I expect a little short covering here in anticipation of tomorrow’s earnings report. Not that I expect a great report, to the contrary, but NBEV is currently only about .50 off the October 2018 pre-CBD pump share price around 1.9

Short sided traders have made a killing from 10 down to 2.4 and the short side is much riskier at the recent lows. Call option premiums have been drained and puts don’t provide much downside so there isn’t much to ply with on the derivative side. Shorting the equity at the current lows could be a risky trade.