Stocks - MRNA Short (S3) Aug 13 Target
Updated
Idea for MRNA:
- Good level for reversal. Aug 13 is the capitulation date.
- Stop is at 41 degrees.
- Gamma squeeze bubble ends with big deflation.
TP1: Gap fill 260~
PT 0.5 retrace of move:
GLHF
- DPT
- Good level for reversal. Aug 13 is the capitulation date.
- Stop is at 41 degrees.
- Gamma squeeze bubble ends with big deflation.
TP1: Gap fill 260~
PT 0.5 retrace of move:
GLHF
- DPT
Trade active
This is one of the biggest bubbles in the S&P right now, watch it drag the index downTrade active
Lol... Lumber and MRNA 1 to 1 analog:I recall similar sentiments back then too which turned out to be purely speculation.
Hyperinflation! Supply chains, etc.
Now it's COVID is bullish! Everyone on planet will be vaccinated!
Trade active
Added MRNA 370P Oct 15 for 44.50 debitTrade closed: stop reached
Close position at SL:Shares (+15% gain)
long puts 41 SL at 20.00 debit (-55% loss)
Comment
It seems I should have kept a closer watch on this, as I was eventually proven right but my position management was poor:
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