I Smell a Play With Clarus Corp.

Is there a possible buyout? A looming breakout? Let's see.
Stocks quotes in this article: CLAR

I am not sure exactly what is going in on Clarus Corp. (CLAR) . We are seeing huge paper buying calls and call spreads.

Over the last two days, the stock has woken up and appears to be in a major breakout. My nose smells a potential buyout here ... or some sort of other crazy news. I would be a buyer of the Sept. 16, $25 calls for a little over $2.00, because I think this sucker is going to $30.00.

Trade: Buy to open CLAR Sept. 16 $25 calls for $2.20.

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At the time of publication, Sebastian had no position in any security mentioned.

TAGS: Investing | Options | Stocks

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