NVAX - Setting up nicely for Short

21 באפר׳ 2020

With 100% implied volatility - and 3 month options costing 225% of Implied Vol. You can safely bet on a short, soon you pick the top with your fav strategy.

Analysis -
This whole run up is for a huge offering.

Company has no cash or cash equivalent.
Upcoming obligations - 342k + unknown research cost and operating expenses.

If I read this correctly, About 4.9M shares are going to be dumped (Around $30 peak, or before) Soon will roll down. - Looking for 3 month mark.

secfilings.nasdaq.com/filingFrameset.asp?FilingID=13998476&RcvdDate=3/11/2020&CoName=NOVAVAX INC&FormType=10-K&View=html
secfilings.nasdaq.com/filingFrameset.asp?FilingID=13998860&RcvdDate=3/11/2020&CoName=NOVAVAX INC&FormType=S-3ASR&View=html

21 באפר׳ 2020

הערה

That's exactly how these stocks play. Up and Down. Up and Down.

Still in play for quick trades. Big short - within 3 months.

29 באפר׳ 2020

הערה

Re-testing the major support, watch for either hold or break.

Next level of support is $18, $15

1 במאי 2020

הערה

Now, as it approaches 15. Considering the number of days in the trade.
I would take profits.

4 במאי 2020

הערה

NVAX is giving me an early Long Setup. Due to its trend, and the sector. I would consider some Credit Spread Position - Provided It triggers an entry in a couple of days.